COJ Debt 2 (IFC-51258)

Countries
  • South Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 8, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
CITY OF JOHANNESBURG
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 47.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 8, 2026

Disclosed by Bank Apr 23, 2026

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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the proposed Project is a loan to the City of Johannesburg (COJ or the City) of 750 million South African Rands (ZAR), equivalent to approximately US$47 million, with a tenor of 15 years.

The proceeds of the loan will partially fund the City's capital investment program for water storage and distribution, including reservoir upgrading and refurbishment, pipe replacement, bulk mains rehabilitation and upgrading, metering, and pressure management equipment (the Project) to be implemented over FY2025/26 to FY2026/27.                                                  

IFC also contemplates offering advisory services to COJ to complement the proposed financing. The specific areas of advisory services will be determined after further consultation with COJ and other Development Finance Institutions which also have an active engagement with COJ. Some areas of support for consideration include: strategic planning of water infrastructure investment; and improving procurement processes.  

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

IFC's proposed loan of ZAR750 million (about US$47 million) will partially fund the City’s water storage infrastructure upgrade and refurbishment and water distribution infrastructure replacement and upgrading program. This is part of the City’s FY2025/26 and FY2026/27 water capital expenditure programs, of ZAR1.70 billion and ZAR1.96 billion respectively.   


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For Inquiries About the Project, Contact

City of Johannesburg Metropolitan Municipality
Mabandla Sibisi
Acting Group Head Treasury and Financial Strategy
0605287700
mabandlas@joburg.org.za
14th Floor, Jorissen Place, 66 Jorissen Street, Braamfontein
www.joburg.org.za

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries 

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org 

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How it works