Johannesburg - Standard Bank Group [JSE:SBK] said on Monday
it has granted the capital city of Pretoria a 15-year R1bn loan for infrastructure
projects.
Standard, Africa's biggest bank by assets, expects similar
deals to increase in coming months as provincial authorities raise debt to
finance infrastructure expansion.
Pretoria, also known as Tshwane, will use the money during the 2010/11 financial year.