{"id":44058,"date":"2026-08-28T20:29:06","date_gmt":"2026-08-28T18:29:06","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=44058"},"modified":"2026-08-28T20:29:06","modified_gmt":"2026-08-28T18:29:06","slug":"sa-signs-405-mln-new-development-bank-loan-for-infrastructure-projects","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sa-signs-405-mln-new-development-bank-loan-for-infrastructure-projects\/","title":{"rendered":"SA signs $405 mln New Development Bank loan for infrastructure projects"},"content":{"rendered":"<div>South Africa (SA) has signed two loan agreements worth a \u200bcombined $405 million with the New Development \u200cBank, its National Treasury said on Friday.<\/div>\n<div><\/div>\n<div>The BRICS-backed lender will provide a $200 million \u200bloan for a planned 488-bed \u200btertiary hospital in Limpopo province aimed \u2060at expanding access to specialised \u200bhealthcare services.<\/div>\n<div><\/div>\n<div>A further $205 million loan will fund \u200bthe Magalies Bulk Water Supply Scheme, aimed at easing water shortages in six municipalities \u200bacross Limpopo and North West \u200bprovinces where demand exceeds available supply.<\/div>\n<div><\/div>\n<div>The loans mature \u200cin \u206010 years, including a four-year grace period, and bear interest at the daily Secured Overnight Financing Rate (SOFR) rate \u200bplus \u200b0.93508 percentage \u2060points.<\/div>\n<div><\/div>\n<div>The multilateral development bank was established in 2015 by \u200bBRICS members Brazil, Russia, India, \u200bChina \u2060and SA to fund infrastructure and sustainable development projects in emerging \u2060markets. \u200b<\/div>\n<div><\/div>\n<div>In 2021 it expanded \u200bto include non-founding members.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":21130,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-44058","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"In 2021 it expanded \u200bto include non-founding members.","published_date":"","news_description":"In 2021 it expanded \u200bto include non-founding members.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44058\/revisions"}],"predecessor-version":[{"id":44060,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44058\/revisions\/44060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/21130"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=44058"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=44058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}