South Africa, July 16 -- The African Development Bank Group has approved a $400 million loan to South Africa to support the Mpumalanga Municipal Utility Reform Programme, a pioneering results-based financing initiative designed to improve the efficiency, reliability and financial sustainability of public electricity and water services in selected municipalities in Mpumalanga Province.Under the African Development Bank's Results-Based Financing instrument, loan disbursements will be linked to independently verified improvements in utility performance and service delivery, with funds released only after agreed results are achieved. The model aims to strengthen accountability, improve operational efficiency and ensure that investments deliver ...