The World Bank has approved a R15.9 billion loan to South Africa to underpin a six-year urban renewal programme aimed at restoring municipal services and boosting city resilience, reports Cape town Etc .
According to Business Insider Africa the funding will support performance-based investments in essential services such as water supply, electricity distribution and solid-waste management, with grants channelled to metropolitan municipalities that meet agreed targets.
Officials said the programme focuses on eight major metros, including Johannesburg and Cape Town, which together house more than a third of the country's population.