Sovereign Use of Proceeds Framework underscores commitment to developing sustainable finance market, Treasury says
The National Treasury has announced the publication of its Sovereign Use of Proceeds Framework, together with the accompanying Second Party Opinion.
The publication of the framework underscores the National Treasury’s commitment to developing South Africa’s sustainable finance market and mobilising capital towards economic growth and climate resilience.
This framework was developed with the support of investment banking firms Rand Merchant Bank (RMB) and JP Morgan, together with their empowerment partners financial advisory and investment company Theza Capital and investment firm Capital Link.
It establishes the basis for the potential issuance of thematic sovereign funding instruments, including green bonds and defines eligible categories, governance arrangements, and reporting principles for use-of-proceeds instruments aligning with international sustainable finance principles.
Any issuance under the framework remains subject to internal-readiness processes, including the confirmation of a robust pipeline of eligible expenditures, operational reporting systems, and the establishment of appropriate governance structures.
Subject to these conditions, Treasury may issue rand- and dollar-denominated instruments in line with its broader funding strategy, prevailing market conditions and investor demand.
Treasury also plans to broaden the framework to include sustainability-linked financing, creating flexibility to access both project-based and performance-linked instruments over time.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...
VISIT SHOWROOM
Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
