Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

China Development Bank Lends South Africa’s Transnet $5 Billion

March 26 (Bloomberg) -- The China Development Bank Corp. agreed to lend Transnet SOC Ltd., South Africa’s state-owned ports and rail operator, about $5 billion to support the country’s infrastructure development.

The “financial and non-financial assistance” will run over five years, according to a statement from South Africa’s government.

“The agreement will enable us to explore innovative funding options as we pursue our borrowing plan focusing on cost effective solutions and diversity,” Transnet Chief Executive Officer Brian Molefe said in a separate e-mailed statement.

Transnet started a seven-year, 300 billion-rand ($32.4 billion) development plan across Africa’s biggest economy and neighboring commodity-producing countries last year. Growth has been stunted by insufficient capacity at South Africa’s ports and railways.

To contact the reporter on this story: Franz Wild in Johannesburg at

To contact the editor responsible for this story: Antony Sguazzin at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.