South Africa, April 15 -- IFC announced a ZAR 1 billion ($58 million equivalent) investment in South Africa's Balwin Properties to support the property developer to build more than 16,000 houses for low-and-middle income buyers near Johannesburg, helping increase the supply of affordable housing in the country. IFC's local currency ZAR 1 billion loan for Balwin Properties will facilitate the construction of Mooikloof City, a housing development to be located east of Pretoria and about 40km from Johannesburg consisting of 16,468 housing units.The houses will be built to high environmental standards, and include energy-efficient appliances, water-saving equipment, and insulation to minimize temperature fluctuations, enhancing sustainability a...