Johannesburg secured a R3.8 billion loan from KfW to fix its struggling electricity utility, City Power.
The loan features a 15-year repayment term with a five-year grace period on capital payments to ease financial strain.
City Power faces an estimated R40 billion infrastructure backlog and requires urgent maintenance to improve service reliability.
Immediate improvements for residents are unlikely, as the city must first address deep-seated billing, revenue, and management issues.