The plan is to inject investment into the city’s capital programme. On Tuesday, at the mayoral committee meeting, it was revealed that the City of Cape Town is prepared to secure an R4-billion loan within the next three years from the German government-owned Kreditanstalt für Wiederaufbau (KfW) Development Bank.
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South Africa getting deeper into debt:- City of Cape Town to borrow R4bn from German state-owned KfW Bank
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