July 22, 2020 / 5:35 PM / 15 days ago

African Development Bank approves 5 bln rand loan to South Africa -SABC

JOHANNESBURG, July 22 (Reuters) - The African Development Bank (AfDB) has approved a 5 billion rand ($304 million) loan to the South African government to help mitigate the economic and social impact of the COVID-19 pandemic, state broadcaster SABC reported on Wednesday.

An AfDB spokesman was not immediately able to confirm the SABC report. ($1 = 16.4588 rand) (Reporting by Alexander Winning and Joe Bavier Editing by Chris Reese)

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