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Subscriber OnlyPoliticsEconomicsSouth Africa Seeks Funds For $20.5 Billion Infrastructure PlanInvestment will focus on rail, water and telecommunicationsCountry may need as much as $100 billion to recover from virusPhotographer: Waldo Swiegers/BloombergByAntony Sguazzin and Paul Vecchiatto+FollowMay 27, 2020, 1:28 PM UTCUpdated onMay 28, 2020, 9:29 AM UTCSign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterSouth Africa is seeking investments from multilateral lenders, commercial banks and pension funds in what a senior ruling party official said will be a $20.5 billion infrastructure program.
