THE World Bank, which is hopeful of a new relationship with South Africa, is working with Eskom and Transnet to support projects that can improve South Africa’s investment potential, vice president for East and Southern Africa Hafez Ghanem said in an interview with Fin24 on Sunday.
Ghanem is visiting SA this week to hold discussions with the National Treasury and state-owned companies that could benefit from the Bank’s technical expertise and funding.
The Treasury secured its first loan for budget support from the World Bank in January for $750m (about R10.95 billion) at an interest rate of less than 2%. –fin24.com