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Germany, through its KfW development bank, will as soon as Friday sign an agreement to lend South Africa €500-million ($543-million) to help it transition away from the use of coal-fired electricity, people with knowledge of the pact said.

Loadshedding continues to cast a confidence-sapping pall across South Africa’s real economy, which is also being weighed down by a series of other infrastructure failures, from water to rail.