The World Bank Group has advanced a new $1.5 billion (nearly R25 billion) Development Policy Loan to South Africa to support economic reforms that are expected to create almost 600,000 jobs by 2032.


This is the fourth Development Policy Loan South Africa has secured from the global financial institution since 2022.


It is the first that supports reforms in the water and sanitation sector. It also adds further support for electricity and freight transport reforms.


"This programme reflects our government's determination to remove the infrastructure constraints that have held back growth and job creation for too long," said Finance Minister Enoch Godongwana in a statement.


"Working with the World Bank Group, we are deepening reforms already delivering results in energy and transport, while for the first time tackling the governance and investment gaps in our water sector that affect millions of households, particularly the poorest."


Since 2020, the government has implemented a series of economic reforms dubbed Operation Vulindlela.


According to the World Bank, results include the virtual end of load shedding, a sixfold increase in renewable energy investments and a 50% rise in rail and port freight volumes since 2023.


The loan has a 15-year maturity, a three-year grace period and an interest rate of the six-month Secured Overnight Financing Rate (SOFR) plus 1.35%, National Treasury said.


It added that the terms are concessional, enabling the government to stabilise debt-servicing costs associated with expensive market borrowing.

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04-08 May
Theme : Sea & Water animals
Tema: See & water diere

Some things connect everything, even when we don’t see it.

The air we breathe. The water we rely on. The ground we build on. It’s all part of the same story—one we share, whether we think about it or not.

Earth Day, or International Mother Earth Day, is a reminder of that connection. Not just to the planet, but to each other. To the idea that what we create, support, and grow as a collective leaves a mark far beyond today.

At ICE Holdings, it’s about bringing people, ideas, and solutions together with intention. Supporting progress that not only moves forward—but moves responsibly, with awareness of the world around us.

Because the future isn’t built in isolation.
It’s shaped by how everything works together.

And maybe that’s what Earth Day is really about.

A quiet reminder that every effort counts when it’s part of something bigger.

ICE Holdings — growing together, with purpose.

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We don’t think about water enough.

It’s always there—until it isn’t. And when it’s gone, or wasted, or misused, the impact is bigger than we realise.

This Earth Day, also known as International Mother Earth Day, is a reminder that the small things matter. And water is one of the biggest “small things” we take for granted.

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And maybe that’s the shift we need.

To stop seeing water as unlimited.
And start treating every drop like it matters.

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#ICE-One #Water #EarthDay