Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Underwriting left unused after deal is 33% oversubscribed
Simbah Mutasa and Sjoerd Van Hooijdonk step up from regional leadership roles
New government is seeking an IMF deal, which will likely require a debt rework
Paying off external arrears will help get an IMF deal over the line
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South Africa has strong links to the rest of the continent and a ready-made hub in Johannesburg’s business district. But is it doing enough to fulfil its potential? Chris Wright reports -
South Africa’s well capitalised banks are profitable despite strong economic headwinds, but obstacles remain as the country’s financial institutions look for long-term and stable sources of funding. Tyler Davies reports.
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A strong institutional investor base, high liquidity and a wide variety of instruments make South Africa’s domestic bond market one of the most sophisticated in the developing world. Lucy Fitzgeorge-Parker reports.
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Though the South African economy is struggling, its corporates are still sought-after in the international and the domestic bond and loan markets. But the risks of expanding businesses within Africa were highlighted last year by the $5.2bn fine on South African telecommunications company MTN. And as Basel III is introduced in the country, it will become more harder, or at least more expensive, to tap the loan market for maturities of five years or more. Meanwhile, the US rate rise will surely make the international bond markets more expensive for South African borrowers. At GlobalCapital’s roundtable, held in Cape Town on November 26, representatives from companies, banks and institutional investors gathered to discuss the changing environment for corporate issuers and investment in them.
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South Africa’s economy is under siege from a host of challenges both global and domestic — and many of them beyond the country’s control. How can a country thrive when dire unemployment is combined with electricity shortages and a worsening drought, and when everything from Chinese growth to commodity prices and vulnerability to Federal Reserve interest rate rises seem to be conspiring against it? In an interview with GlobalCapital, the National Treasury presents a more positive narrative: of resilience, transformation and the promise of progress. South Africa intends to realise its potential.
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South African issuers are rarely seen in international markets, but have traditionally received a warm welcome. Will that still be the case in 2016? Lucy Fitzgeorge-Parker reports.
