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Germany advances South Africa's Just Energy Transition with R10bn loan
The Star
|July 29, 2025
GERMANY has finalised a €500 million (around R10.4 billion) loan aimed at supporting South Africa's Just Energy Transition (JET) through the KFW Development Bank (KFW).
The National Treasury on Monday said this KFW loan, which forms part of the country's third Development Policy Operation, signified a continued commitment to structural reforms crucial for enhancing the efficiency, resilience, and sustainability of the country’s infrastructure, particularly within the energy sector.
The loan agreement, signed in the presence of prominent stakeholders including the World Bank, the African Development Bank, the Japan International Cooperation Agency, and the OPEC Fund, builds on two previous policy loans concluded in 2022 and 2023.
This story is from the July 29, 2025 edition of The Star.
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