South Africa: World Bank Group Support to Boost Infrastructure Modernization and Enable Nearly 600,000 Jobs

https://www.worldbank.org/en/news/press-release/2026/07/16/south-africa-world-bank-group-support-to-boost-infrastructure-modernization-and-create-nearly-600-000-jobs WASHINGTON, JULY 16, 2026 — South Africa’s efforts to modernize critical infrastructure and unlock job creation by tackling long-standing bottlenecks in electricity, freight transport, and water and sanitation services, got a boost with support from the World Bank Group. Reforms supported by the new financing are expected to help create the equivalent of almost 600,000 more and better-paid jobs by 2032, according to World Bank Group economic modeling of how the reforms ripple through the broader economy.