World Bank approves over R7bn loan to SA

Johannesburg – The World Bank has approved a R7.5 billion low-interest loan to fund vaccine purchases.

The latest approval follows a loan of R11.5 billion granted in January for economic recovery.

Treasury said this is part of government efforts to reduce debt service costs by using cheaper funding sources.

Just over 50% of adults and 30% of 12 to 17-year-olds have been vaccinated.

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