BRICS's Bank Moves to Rescue South African Private Sector
Dec 21, 2019 ·
1m 11s
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
The New Development Bank will soon start lending to private-sector companies, says Vivian Ramathuba, senior professional at the bank's African Regional Centre in Johannesburg, assisted by the fact that it...
show more
The New Development Bank will soon start lending to private-sector companies, says Vivian Ramathuba, senior professional at the bank's African Regional Centre in Johannesburg, assisted by the fact that it could lend in US dollars or rands. But greater oversight is clearly needed to ensure the loans are not abused. Cash-strapped South Africa is increasingly tapping the BRICS New Development Bank (NDB) for badly needed infrastructure financing.
And it is likely to tap the bank more frequently after the imminent issue of the NDB's first Rand-denominated bond -- for R10 billion -- on the Johannesburg Stock Exchange.
show less
And it is likely to tap the bank more frequently after the imminent issue of the NDB's first Rand-denominated bond -- for R10 billion -- on the Johannesburg Stock Exchange.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company