This is quite a remarkable achievement, given the domestic, regional and international challenges that have confronted South Africa during the course of this upswing. Real gross domestic product recorded an average annual growth rate of almost 5 per cent for the year 2005, which constitutes the highest annual growth rate since 1984.
Over the past three years, the Sustainability-Linked Bonds and Sustainability Linked Loans (SLBs and SLLs) market has been a fastgrowing segment globally in the sustainable finance market 10. India too, has seen the introduction of sustainable finance instruments such as sustainability-linked loans.