R600m financing facility to support S Africa’s renewables landscape

Financial services firm Standard Bank and China National Building Materials International (CNBM) have concluded a R600-million sustainable finance solution. The strategic financial package, comprising a R500-million invoice financing facility and a R100-million working capital facility, is set to enable more South Africans to access affordable solar energy solutions, says Standard Bank China segment head for South Africa and core markets Lydia Zhang.