South Africa may get $1 billion loan from World Bank to tackle power crisis
THE World Bank is in talks about a potential $1 billion loan to help enable South Africa to reform its energy sector, a bank official told Reuters, as the country tries to overcome record power cuts that have crippled the economy. The loan, which would be directly to the government rather than to state utility Eskom, is "under discussion", Marie Francoise Marie-Nelly, the bank's director for South Africa, said in an interview in Marrakech, Morocco. "It is going to come very soon," she added, declining to specify a timeframe. South Africa is facing its worst power crisis, with Eskom's ageing, coal-fired…