South Africa’s National Treasury is trying to diversify funding beyond the Eurobonds.
Last October 2025, the Treasury announced it would raise a $500 million in foreign currency funding.
The Development Bank of Southern Africa (DBSA) this week, announced it is part of a Credit Guarantee Vehicle (CGV), driven by Treasury and the World Bank Group.
Funds raised are expected to be channeled into services such as electricity, roads and water systems.
The CGV will attract private investment into these service sectors.
Boitumelo Mosako, DBSA CEO, said “this appointment by the National Treasury reinforces the DBSA’s position as the leading infrastructure enabler in South Africa. The Bank is capacitated to catalyse infrastructure investment by providing the coordination and technical expertise that complex financing mechanisms such as this one require.”
Thus far, the initiative has attracted over 100 global proposals, with confidence the minimum $500 million target, will be met.