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South Africa Is Identifying Projects to Fund With Green Bonds

  • Treasury’s Mogajane comments to investment conference
  • Green-financing could substitute current funding options
Photographer: Waldo Swiegers/Bloomberg

South Africa is considering which areas of the current budget could be financed by the issuance of so-called green bonds, according to Dondo Mogajane, director-general of the National Treasury.

Mogajane made the comments at a conference organized by JSE Ltd. and sponsored by Citibank and Absa Group Ltd. that’s closed to the media. A recording of his comments was reviewed by Bloomberg.