{"id":23915,"date":"2025-07-23T08:32:13","date_gmt":"2025-07-23T04:32:13","guid":{"rendered":"https:\/\/gbc1.net\/?p=23915"},"modified":"2026-09-08T04:41:41","modified_gmt":"2026-09-08T00:41:41","slug":"south-africa-signs-400m-loan-with-brics-bank-to-fix-highways","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2025\/07\/23\/south-africa-signs-400m-loan-with-brics-bank-to-fix-highways\/","title":{"rendered":"South Africa Signs $400M Loan With BRICS Bank to Fix Highways"},"content":{"rendered":"\n

On 22 July 2025 in Johannesburg, the South African National Roads Agency (SANRAL<\/a>) contracted a loan agreement for ZAR 7 billion ($398M) with the New Development Bank (NDB) — also known as the BRICS Bank — to finance its highway upgrade program. The loan is subject to vetting by the State Law Adviser who has to review the loan agreement from a legal perspective, and the process is expected to take two weeks. <\/p>\n\n\n\n

After that, the South African Reserve Bank will have to approve the foreign-exchange rate for the loan amount. The financing is considered a concessional loan over a period of 20 years and a grace period of 5 years, during which time only interest is due. Then, for the next 15 years, repayment of the capital will proceed to term. In the future, both lender and borrower are considering rand-denominated funding to avoid the foreign exchange complications.<\/p>\n\n\n\n

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