RISE fm Taking Care of Business on RISE fm

TCOB: New World Bank loan puts corporate power over people - AIDC

Loading player...
The World Bank has approved a $1.5 billion (approximately R26.5 billion) loan to support structural reforms aimed at boosting South Africa’s infrastructure. The bank said its programme will help by improving energy security, increasing freight transport efficiency, and supporting the shift to a low-carbon economy.

However, the Alternative Information & Development Centre (AIDC) has expressed concern over the loan, citing that the agreement is aimed at satisfying the narrow interests of private investors and business elites at the expense of the public good, public finances and economic sovereignty.

We spoke to Andile Zulu, Energy Democracy Program Officer at AIDC on why they think this is a bad idea.
18 Jun 2025 English South Africa Business News

Other recent episodes

Building a Connected African Travel Network that Boosts Economic Growth

As South Africa celebrates Women's Month, we're shining the spotlight on women who are helping shape industries and create opportunities beyond our borders. The travel and tourism sector is evolving rapidly, driven by technology, regional collaboration and changing traveller expectations. But what will it take to build a truly connected…
4 Aug 15 min

Can AI Replace Your Financial Adviser?

Artificial intelligence is rapidly changing how we work, learn and even make financial decisions. More South Africans are turning to AI tools for answers about saving, investing and budgeting. But can AI really replace the expertise of a qualified financial adviser, or should it simply be another tool in your…
27 Jul 11 min

How Artificial Intelligence is Transforming South African Mining

Mining remains one of the biggest contributors to South Africa's economy and a major employer here in Mpumalanga. But the industry is under growing pressure to improve safety, increase productivity, reduce costs and remain globally competitive. Increasingly, mining companies are turning to artificial intelligence and other Fourth Industrial Revolution technologies…
30 Jul 12 min

Bridging the Skills Gap: Why Industry Partnerships Matter

One of the biggest concerns facing South Africa is the gap between education and employment. While thousands of young people graduate every year, many still struggle to find opportunities because employers say graduates often lack the practical skills needed in the workplace. Gert Sibande TVET College is hoping to help…
28 Jul 10 min

South Africa's SME Crisis Isn't a Funding Problem - It's a Sales Problem

Small businesses are often described as the backbone of South Africa's economy, yet many continue to battle rising costs, red tape, unreliable infrastructure and limited access to finance. But what if we've been looking at the problem the wrong way? Our guest believes the biggest challenge facing South African SMEs…
21 Jul 13 min
All episodes