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Europe Daily Bulletin No. 9662

17 May 2008
Contents Publication in full By article 30 / 33
GENERAL NEWS / (eu) eu/eib
EIB support for South African economy

Brussels, 16/05/2008 (Agence Europe) - On 8 May the European Investment Bank (EIB) announced it was to lend €12.5 million to Safal Steel to support the establishment of a Greenfield metal coating production facility in Cato Ridge, Kwa Zulu Natal, South Africa. The Safal Group is the leading manufacturer and distributor of steel used for residential roofing in Africa and a successful exporter to other continents.

The loan to the private company Safal Steel is the first to be granted under...

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