African Development Bank approves 5 bln rand loan to South Africa -SABC

African Development Bank approves 5 bln rand loan to South Africa -SABC
Representative image Image Credit: pixnio
  • Country:
  • South Africa

The African Development Bank (AfDB) has approved a 5 billion rand ($304 million) loan to the South African government to help mitigate the economic and social impact of the COVID-19 pandemic, state broadcaster SABC reported on Wednesday.

An AfDB spokesman was not immediately able to confirm the SABC report. ($1 = 16.4588 rand)

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