US EditionRFA Expresses Shock over Sanral’s R7bn Brics Loan
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South Africans skeptical that R7 billion BRICS loan will improve roads
On Wednesday, reports confirmed that the South African National Roads Agency (Sanral) plans to secure a R7 billion loan from the New Development Bank (NDB) to finance major upgrades to the country’s transport infrastructure. Sanral CEO Reginald Demana said the deal still requires final approval, including a legal opinion from the state law adviser and foreign exchange clearance from the South African Reserve Bank. The agency has allocated the fu…
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