South Africa secures R26 billion World Bank loan

The World Bank Board has approved a loan of $1.5 billion to support structural reforms in South Africa. The Bank says the loan will help address the twin economic challenges of low growth and high unemployment by easing infrastructure constraints in the energy and freight transport sectors. The challenges in the energy and logistics sectors have severely impacted businesses and households, holding back economic activity. Economist, Redge Nkosi, joins us for more. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.