Fin24

US to offer SA $2bn loan

2012-08-06 17:34

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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Comments
  • Jean-Pierre Lishman - 2012-08-06 18:29

    Big mistake! that money will just siphon into the deep crevasses of corruption. Prepare for some ill awarded tenders.

  • timothy.whyte - 2012-08-06 18:46

    Does this mean eksdom will lower their electricity prices???,,,,,,,,,,,,,,,,,,,,,,I dont think soooo

  • Billy - 2012-08-06 18:49

    how big a wind farm or solar plant can you build for 2 billion dollars? i know they are expensive, so im wondering if the 2bill will make a good enough impact to even go that route. otherwise, solar heated water for rural houses, actually i need one of those chances of all the cash reaching its goal?

  • tmthombothi - 2012-08-06 18:58

    ke bona mathata!!!!

  • wendy.schneider3 - 2012-08-06 19:09

    now zuma can buy his plane.. blue lights, sirens and all watch out obama you will have competition in the sky the sky.

  • hannah.p.mostert - 2012-08-06 20:20

    Well if 2c of this money reaches the poor people then I will be a monkeys uncle!! What is the bet that car sales go up when the money comes in????

  • siyabonga.mswane - 2012-08-07 08:18

    We are still going to face more foreign debts that we will never repay them back. This is another ''Economic Hit Man''. Read this book ''Confessions of An Economic Hit Man'' you'll understand global empire by US.

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