SA secures another COVID-19 loan to support economic recovery

Sumary of SA secures another COVID-19 loan to support economic recovery:

  • The New Development Bank of the Brics group of nations has approved a loan of over R14 billion to government to support an economic recovery from the COVID-19 pandemic..
  • In a statement, the bank says the loan will support government in its efforts to contain the economic fallout of the pandemic and start economic recovery..
  • South Africa is currently in the midst of its first phase of the COVID-19 vaccine programme, targeting workers in the healthcare sector..
  • The latest loan is South Africa fourth since the outbreak of the virus and a second from the New Development Bank…

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