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06 Aug 2012

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US to offer SA $2bn loan

AP

Johannesburg - The head of the US Export-Import Bank says the US will offer South Africa a $2bn loan for renewable energy ventures.

Fred Hochberg told journalists on Monday at an event in Johannesburg the deal will be signed on Tuesday with South African officials.

Hochberg said the 18-year loans could benefit companies like General Electric.

The loan comes during a visit to South Africa by US Secretary of State Hillary Clinton.

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