JOHANNESBURG - The government and the World Bank have officially signed a R27 billion development-policy loan agreement.
The money will support key structural reforms in infrastructure.
According to National Treasury, the focus will be on the energy and freight transport sectors, which have dragged growth in the country.
READ | Discussion | South Africa secures R26bn infrastructure loan
The deal is part of a wider reform plan.
The government wants to strengthen institutions, attract private investment, and improve service delivery.
The reforms are expected to create jobs and support inclusive growth.
Director and Chief Economist of Econometrix Dr Azar Jammine says this is a positive step.