Latest articles on New Development Bank

Government gets $2bn more in pledges towards infrastructure development

The New Development Bank pledges billions of dollars towards infrastructure development in South Africa. Implementing infrastructure development is one of the measures the country is counting on to recover from the economic effects of Covid-19

South Africa gets $4.3bn IMF loan. In return, the country must reform

The loan, which is repayable over five years at an interest rate of 1.1%, comes with various self-imposed conditions such cutting the public wage bill and rationalising support to the state-owned entities

Treasury: IMF’s low interest Covid-19 loan will provide financial relief

The International Monetary Fund has approved a $4.3-billion – R71-billion – loan to South Africa to bolster the economic relief package

Jury’s out on green recovery

Public-private partnerships and big infrastructure builds have been suggested as ways to boost South Africa’s flagging economy. Another option to consider is green bonds, which would also help achieve climate crisis goals

‘Don’t be afraid of fresh ideas’

The finance minister has found money for the Covid crisis, but the cupboard is bare and he warns that a fiscal crisis is possible in 2024

Mboweni to further tighten the belt in his budget

The finance minister will cut departments’ allocations according to their cloth as one measure, and savings will have been made from underspend during the lockdown

This time, the IMF is not to be feared

The International Monetary Fund’s emergency funding is cheaper than other options and is low risk. The Reserve Bank creating money to finance government debt is a better option

IMF talks are yet to begin

Measures to contain Covid-19, including the lockdown, are costly and hurt the economy

Brics bank fails to live up to hype

The New Development Bank is facing questions about the transparency and fairness of its loans

There is more for South Africa in BRICS

The prospective rating agency is said to challenge the three pro-west dominant credit rating agencies Fitch, Moody’s and S&P global rating.

Another brick in the wall for the New Development Bank

The recent G20 summit presented the Brics countries with an opportunity to fast-track plans for the establishment of a joint financial institution.

SA to access cheaper Brics cash

The grouping's smallest member could become the New Development Bank's biggest winner.

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Koko claims bias before Zondo commission

In a lawyer’s letter, the former Eskom chief executive says the commission is not being fair to him

ConCourt asked to rule that Zuma must testify for 10 days next year

It is Zondo's legal end game and will leave the former president, his supporters and those implicated in state capture to increasingly play fast and loose at imputing political motive to the commission

Press Releases

World Aids Day

Huge strides have been made, but the fight against HIV is far from over, and Covid-19 has disrupted testing and treatments

How to get the most money for your old iPhone towards a new one

Cash in your old iPhone to upgrade to a new one or get a reduced rate on your monthly contract from your service provider

Gender-Based Violence

In South Africa, women live in fear. It’s difficult to speak out against the patriarchal system, but many have done so, and continue to do so

POWER Business #OnTheMoney talks to Risenga Maluleke, South African Statistician-General

If Stats SA is to really have timely data that’s accurate and remains relevant then we need to make sure that the institution is strengthened

Dr Sumy Thomas: Deciphering the human puzzle, from the inside out

The Discovery Foundation MGH Fellowship Award recipient for 2020 will focus on internal medicine, particularly the endocrine system of patients affected by HIV

Touching lives through innovation

Africa has a high youth population that adapts to technology quickly, and this phenomenon is something which should be taken advantage of

Festive Reading

In The Whistleblowers, Mandy Wiener talks to a wide range of the people who have revealed corruption and malfeasance in government and business

Centre for Women & Gender Studies

The CWGS aims to resuscitate the histories of African women from all walks of life in an intellectual cleansing/ukuhlambulula of her story