Johannesburg - South Africa is set to see new infrastructure projects
funded with R23.7bn from the Development Bank of Southern Africa (DBSA),
the bank said on Monday.
The bank approved a total of R27.5bn, of which 86.3% was dedicated to South Africa for infrastructure projects in the
fiscal year ending in March 2012, the bank said in a statement.
The infrastructure funding would be spent on a number of projects throughout the country.
The DBSA was working with the National Treasury and the
energy department to assist in the creation of independent power
It approved 29 projects, representing about 1.416MW of
the target of 3.725MW power production. Another 30 projects were
approved in a second round to make up the rest of the target.
The DBSA also took responsibility for the
implementation of a R9bn jobs fund to create more employment in South
Africa and result in 150 000 new jobs.
The bank had approved R1.8bn for the fund. The DBSA
said it was also working to help municipal infrastructure, which was a
"Institutional capacity constraints, weak governance,
ageing infrastructure, flawed and inadequate maintenance affected the
ability of many municipalities to fulfil their constitutional
obligations," the bank said.
The DBSA had trained almost 19 000 officials and
councillors from municipalities in skills, capacity
building and knowledge-sharing.
The bank had also sent its own employees to
municipalities to assist with service delivery and had made R8.7bn in
funding available for this.
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