JOHANNESBURG – South Africa’s Industrial Development Corporation (IDC) is in talks with China for a loan to invest in sectors such as infrastructure development and health, chief executive Geoffrey Qhena said on Friday.
Qhena also told Reuters on the sidelines of a conference on infrastructure development that the IDC, a state investment agency, had arranged another loan with the Public Investment Corporation (PIC), the government workers’ pension fund.The IDC aims to invest more than N$100 billion over the next five years, mainly in state-owned utilities such as Eskom and Transnet, Qhena said.’We’ve concluded with the PIC a facility,’ Qhena said, declining to reveal the amount. ‘We are also concluding something with China, which we will announce in due course.’-Nampa-Reuters
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
