# Johannesburg mayor, Dada Morero, has defended the metro’s decision to secure a 3.8-billion-rand loan from German state-owned development bank KfW. The loan will enable City Power to accelerate network refurbishment, metering upgrades, and renewable energy projects to improve energy security across the metro. Approximately 1.75-billion-rand has also been earmarked for Johannesburg Water capital projects. Morero says the metro is borrowing responsibly, emphasising that the loan is essential to address its financial and service-delivery challenges.
Joburg mayor defends R3.8-billion German KfW Development Bank loan