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Johannesburg|Pretoria|Brazil|China|India|Russia|South Africa|Sanitation|Waste Management|Water|New Development Bank|Cyril Ramaphosa|Business Day
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johannesburg|pretoria|brazil|china|india|russia|south-africa|sanitation|waste-management|water|new-development-bank|cyril-ramaphosa|business-day

BRICS Bank lends South Africa $1bn for cities, report says

Brics New Development Bank

Photo by Reuters

17th June 2026

By: Bloomberg

  

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New Development Bank is lending South Africa $1-billion for the State to upgrade infrastructure in its eight biggest cities, Business Day reported.

The so-called metropolitan municipalities will use the funds to improve supply of water, sanitation and waste management, the Johannesburg-based newspaper reported, citing the lender set up by original Brics members — Brazil, Russia, India, China and South Africa.

President Cyril Ramaphosa has acknowledged that scores of municipalities are deeply dysfunctional and unable to provide basic services — as evidenced by recent water outages in Johannesburg, Pretoria and other towns — and has said the problems are being addressed.

 

Edited by Bloomberg

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