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South Africa Develops $122 Million Bond to Restore Water Catchments
climate finance, conservation bond, ESG, Mookho Mathaba, Rand Merchant Bank and the Development Bank of Southern Africa, restoration projects, South Africa, Sustainable Finance, WaterSouth African financiers are structuring a 2 billion rand ($122 million) bond to fund ecological restoration of key water catchments. The outcome based bond will link investor returns to measurable environmental improvements such as invasive plant removal and catchment rehabilitation. South Africa requires 256 billion rand annually for water infrastructure through 2050, leaving a funding…
