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Sunday, May 18, 2025

R11-billion Development Policy loan would save Government a lot of money in the long run

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National Treasury says the R11-billion Development Policy loan would save Government a lot of money in the long run.

Treasury also says there will be no third party who earns commission on the loan obtained from the World Bank.

Treasury’s Head: Asset and Liability, Dr Duncan Pieterse says proper negotiations ensured that the Development Policy loan comes with highly favourable concessions.

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The loan comes with lower repayments as well as a 3-year repayment holiday.

Pieterse says the loan’s risk-benchmark also falls within acceptable levels.

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Follow the full Parliamentary briefing here.

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