National Treasury delays debt guarantees for water infrastructure arm

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stalled Katse Dam in Lesotho. The second phase of the Lesotho Water Highlands Project is heavily dependent on funding requirements
stalled Katse Dam in Lesotho. The second phase of the Lesotho Water Highlands Project is heavily dependent on funding requirements

BUSINESS

The delay is due to treasury’s tightening of conditions for guarantees and bailouts to state-owned entities (SOEs).

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