CoJ is the largest municipality in South Africa from a revenue and expenditure standpoint. It is located in the Gauteng Province of South Africa and is one of the most advanced commercial cities in Africa and the engine room of the South African and regional economy. CoJ is a city with a unique, African character, world-class infrastructure in the fields of telecommunications, transportation, water and power, and with globally competitive health care and educational facilities.

CoJ plans to raise up to ZAR1.83 billion (around US$100 million) through IFC’s proposed loan to finance a portion of its FY22/23 capital expenditure program of ZAR6.38 billion (around US$348 million).

CoJ is located in the Gauteng Province of South Africa.

 This is a Category B project according to IFC's Policy on Environment and Social Sustainability (2012). Based on the information reviewed by IFC, the proposed investment will have limited adverse E&S impacts that are few, site-specific, largely reversible, and readily addressed through existing mitigation measures captured in the individual project Environmental and Social Impact Assessments (“ESIA”) and following Good International Industry Practices (“GIIP”). 

Key potential E&S risk and issues related to the eligible CAPEX subprojects include (i) CoJ’s management systems and staffing to manage E&S risks and impacts associated with the development and operations of eligible CAPEX subprojects, in line with IFC PSs and national legislation;  (ii) standardization of E&S processes across the numerous CoJ departments and municipal entities to consistently apply E&S assessments, monitoring and review processes aligned with IFC PSs, national requirements and GIIP;  (iii) assurance of fair, safe and healthy working conditions for direct employees and contracted workers including Occupational Health and Safety (“OHS”), and gender considerations; and (iv) adequate community engagement activities and grievance management related to impacts emanating from the sub-projects.