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  • "From my window, I can see much of the wealth of this country," said Merton Dagut, chief economist of Nedbank. Peering out of his office in the 48-floor Carlton Centre in Johannesburg, he was referring to the Witswatersrand, where most of the country's goldmines are situated. In many respects, South Africa is still a developing country.
  • When Bayer's $200 million financing hit the Eurobond market in the second week of January it met a guarded welcome. The scarcity value of German corporate paper combined with the weight of lead manager Deutsche Bank seemed to ensure a smooth path for the issue. But was this the time, given the reluctance of investors, to spring such a deal?
  • Bankruptcy has become a way of life in Zaire. It started to fall behind on servicing its external debt in mid-1975, and its economy has stumbled into deeper and deeper depression.
  • It is the deal of the year, the financing that had everything. This was the second jumbo financing for the Federal Republic of Nigeria. It was also the second within a year. The first jumbo, for $1 billion, was signed in January, having run into major problems over pricing and the information memorandum.
  • An interview with the prime minister of Singapore.
  • Moscow is the centre for five important banking institutions, including the two Comecon organizations, IIB and IBEC. At the top of the tree is Gosbank, the state bank for the USSR. The chairman of its board of directors, Vladimir Sergeyevich Alkhimov, is not a member of the Politburo, but he probably has more power than many of its members.
  • They share the same ideology. Each is based in Moscow. But the bankers at Kopievski Lane like to compete with the bankers at Presnenski Val, and it seems that recently the competition developed into a race.
  • David Rockefeller is a man under pressure. At 63, he has three years before retirement rules force him to step down from the chairmanship of Chase Manhattan Bank. That is not a lot of time for the tasks that confront him.
  • Inside the Association of International Bond Dealers' AGM, 1977.
  • One year ago, Abdul Kadir Qadi, director of financial affairs to the state of Qatar, telexed 40 international banks inviting them to tender for the management of a $300 million loan, the state's first. The telexes did not mention any individual borrower or project, but they began what was to be one of the most toughly contested fights ever for a Eurocredit mandate. By Nigel Bance
  • An interview with the deputy president of the Hungarian National Bank.