South Africa : $1.5 billion World Bank loan to revamp energy and transport

On June 24, 2025, South Africa signed a $1.5 billion loan deal with the World Bank to upgrade its energy and transport infrastructure. The 16-year loan, with a 3-year grace period, supports state firms Eskom and Transnet amid rolling blackouts, port congestion, and weak growth. The funding aims to ease economic bottlenecks and boost investor confidence.