New Development Bank
latest news & developmentsSouth Africa’s investment drive is rebuilding the economy
In an era when cynicism too often dominates public discourse and doubt easily overshadows progress, the facts speak volumes. South Africa is attracting capital, rebuilding…
Lesotho Highlands Water Project must work with women, not against them
Public banks – Development Bank of Southern Africa, African Development Bank and the New Development Bank – and the Lesotho Highlands Development Authority render women invisible…
South Africa’s sovereignty is not for sale
The country must stand up to bullying from powerful states and form bonds, as an autonomous nation, with countries that share our values
Brics leaders call for cooperation in protectionist global environment
President Cyril Ramaphosa said the uncertainty of the new trading regime had already harmed the country’s economy
Brics, G20 and Trump 2.0: A new geostrategic balance of power?
China’s changing priorities towards funding African development through smaller projects show a possible willingness to adapt to African priorities and economic needs.
Debt-ridden Transnet needs to improve operations, auditor general warns
The state-owned company cannot continue relying on debt for operating cash and was at risk of not meeting repayments at the present rate
Ronald Lamola’s appointment signals continuity in South Africa’s foreign policy
The new minister needs to involve young people as he sets out to cement the country’s position as a vocal advocate for human rights and international justice
Brics leaders talk expansion amid ‘Cold War’
China’s Xi Jinping, the leader of the biggest economy in the bloc, said the world is at a ‘critical juncture’ amid growing trade tensions
Agriculture eyes rival to Land Bank
The state-owned institution’s financial woes have led farmers and agribusiness to consider making an offer on the bank, starting a cooperative bank or partner with global…
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…
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…
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…
‘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