African Development Bank Group pledges $2.8 billion package for SA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The African Development Bank Group has pledged support for South Africa, announcing a $2.8 billion package for the country over the next five years.

and the country’s energy transition.

AFDB’s Group President Akinwumi Adesina announced on Thursday at the opening of the South Africa Investment Conference in Johannesburg. Adesina says the bank was working with international partners, especially the G7 countries, to establish a just energy transition facility that will support South Africa in raising at least $27 billion.President Cyril Ramaphosa opened the SA Investment Conference with a message of optimism and determination in the face of a global pandemic, tough economic headwinds, and millions of job losses.

He welcomed the bank’s support indicating that no economy can operate without a reliable supply of electricity. Ramaphosa also announced that a presidential task team set up to advance the country’s just energy transition to a low-carbon transmission economy, was on track.

 

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How stupid could that African board to not see what kind of shit the government is dragging us in

Let's see this Pledges Translating to reality in the Ground.

Wonder which member of Parliament will get there grubby fingers in the piece of the pie.

The comrades are still hungry

Izophinda ityiwe ngamaqabane nalena mali 😰😰😰😰😰

Batyeba oofikile noonozidlelana

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