South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan

The African Development Bank has approved a ZAR 18.85 billion corporate loan for Transnet, a South African state-owned company, to support its business recovery plan. The loan, equivalent to $1 billion, aims to help Transnet improve its operational and financial performance. This funding will contribute to the overall economic development and growth of South Africa.

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