Article

The South African National Parks board will evaluate a proposal to alter its corporate structure to enable direct borrowing from capital markets and increase earnings retention during a meeting from January 26 to 28. Approval from the environment department and National Treasury would be required if the board agrees.

Sanparks operates 21 national parks, including the flood-affected Kruger National Park. The change aims to meet rising demand for financial instruments linked to biodiversity. Sanparks reported record revenue of R4.1 billion last year, exceeding expenditure by R311 million, but is required to return the surplus to the government. It is considering various funding options, including carbon credits and donor funding for land protection.