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South Africa leaves R17 billion to gather dust...
03 Dec, 2025 11:11 150 min read
The UK may extend an unused $1 billion debt guarantee set to expire soon, which was part of an international climate finance pact to help South Africa move away from coal. The decision comes as South Africa negotiates a $400 million AfDB loan for utility upgrades in a key coal region, a loan the guarantee was meant to support. The broader green transition program has faced delays, and the US has since withdrawn from the partnership.... More