SA eyes green infrastructure bond worth tens of billions in bid to drive growth

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South Africa’s government is considering selling a green infrastructure bond worth tens of billions of rand as part of its biggest drive ever to kickstart private investment in projects ranging from energy to water reticulation.

The proposed instrument is one of several mechanisms the country could use to raise finance for projects worth as much as R1.5 trillion over the next decade, said Kgosientsho Ramokgopa, head of the South African presidency’s investment and infrastructure office.

"A idea that’s finding traction is a green infrastructure bond," he said in an interview on Monday. "It will be substantial.

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