South Africa has received a $1-billion COVID-19 emergency loan from the New Development Bank (NDB). This is the second loan in less than a year. It said the funds would help finance the creation of employment opportunities, particularly under the presidential employment stimulus programme, which aims to create and support about 700,000 jobs in the public sector. President Cyril Ramaphosa announced earlier this year that the country would be embarking in major infrastructure projects to create employment. Mr. Leslie Maasdorp is Vice President and Chief Financial Officer of the New Development Bank said the following.
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