South Africa gets second $1bn COVID-19 loan from BRICS bank

Africa gets second $1 bln COVID-19 loan from BRICS bank

South Africa's public finances were in bad shape before COVID-19 struck and have deteriorated since

The New Development Bank of the BRICS group of nations has approved a second $1 billion loan to South Africa's government to fight the COVID-19 pandemic, the bank said on Thursday. South Africa's public finances were in bad shape before COVID-19 struck and have deteriorated since, as it has recor

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```