The New Development Bank (NDB), the multilateral lender established by the original BRICS bloc members, is providing South Africa with a $1bn loan to help finance infrastructure upgrades in the country's eight largest so-called metropolitan municipalities. The funding will be used to improve water supply, sanitation and waste management systems in Johannesburg, Tshwane, Ekurhuleni, eThekwini, Cape Town, Nelson Mandela Bay, Buffalo City and Mangaung, Business Day reported. [...]