DBSA Approves R23.7 Billion for Infrastructure
Tuesday 9 October, 2012 - 13:10
South Africa is set to see new infrastructure projects funded with R23.7 billion from the Development Bank of Southern Africa.
The bank approved a total of R27.5 billion, of which 86.3 percent is dedicated to South Africa for infrastructure projects in the fiscal year ending in March 2012.
The DBSA also took responsibility for the implementation of a R9 billion ‘Jobs Fund’ to create more employment in South Africa and result in 150 000 new jobs.