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Telecoms group Telkom has secured a US$127-million syndicated loan from several international banks, backed by the China Export and Credit Insurance Corporation, in order to finance capital expenditure on its mobile division, 8ta.
Standard Bank has signed has signed a six-year US$100-million (about R747-million) loan agreement with three European development finance institutions, with the money going toward funding infrastructure projects and project finance lending in Africa.
Airports Company South Africa and Agence Française de Developpement have signed a long-term 85-million (about R1.06-billion) loan agreement to improve Johannesburg's OR Tambo International Airport.
The Industrial Development Corporation, a government-owned development finance institution, has signed a US$125-million loan agreement with a number of international commercial banks.