South Africa is actively engaging with various energy partners to secure loan guarantees.

    Mpho

     

    South Africa is currently engaging with its international climate-finance partners to secure loan guarantees for the development of energy-related infrastructure.

    Joanne Yawitch, who leads the project management unit for the $9.3 billion agreement within the South African presidency, stated at an event in eMalahleni on Friday, "We are particularly addressing issues concerning guarantees with our international partners. We are close to releasing some of that funding."

    Guarantees have posed a challenge in accessing funds from the Just Energy Transition Partnership, as the South African government has been hesitant to increase its contingent liabilities. The country’s partners in this agreement include France, Germany, the UK, the US, the European Union, the Netherlands, and Denmark.