South Africa's Ministry of Finance announced on the 15th that South Africa and the BRICS New Development Bank signed a $1 billion loan agreement to upgrade municipal service infrastructure in several major cities in the country. The South African Ministry of Finance said in a statement issued on the same day that this loan will help the South African government provide better municipal services to the public and build a better and more sustainable city. Upgrading metropolitan municipal service infrastructure is part of the government's municipal service reform plan. The plan focuses on areas such as water supply and sanitation, electricity and energy, and waste treatment.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.