Treasury says funds will be used to ignite growth
JOHANNESBURG -The World Bank and South Africa have agreed to a R27-billion loan.
READ: World Bank and IMF climate snub 'worrying', says COP29 presidency
Treasury says the money will be used to revitalise economic growth and modernise energy and transport infrastructure.
But one political economist believes this will not improve the lives of ordinary South Africans.
Political economist, Professor Patrick Bond discussed what the loan could mean for the people of the country with eNCA.
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