The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Loan exploits a shift in sentiment

South Africa

       
Mboweni: "amazing" response to
South Africa's syndicated loan

South Africa's finance officials have been through the mill in recent months. It has been hard enough to keep the country's hardline economic policy on track in the face of slowing growth but that was only one of a list of woes.


The situation has been worsened by the rand's collapse late last year, political turmoil in neighbouring Zimbabwe, the ever-worsening Aids disaster, Argentina's meltdown, a domestic banking crisis and the global market downturn.


So it was hardly surprising that South African Reserve Bank officials warmly welcomed the signing of a new $1 billion syndicated loan in July as a strong show of support for the country from the international financial community.



Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree