IFC provides $150m loan to assist BMW SA’s production plans

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The International Finance Corporation (IFC), a member of the World Bank, will assist in financing BMW Group South Africa’s (BMW SA’s) R6-billion investment in its Rosslyn plant, set to produce the new BMW X3. The $150 million loan comes as South Africa “seeks new sources of economic growth after a period of slowdown, driven in part by sluggish mining and manufacturing sectors”, says the IFC in a statement.

Read More: http://www.engineeringnews.co.za/article/ifc-provides-150m-loan-to-assist-bmw-sas-production-plans-2017-09-20

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