South Africa has issued two new bonds, worth a collective $5-billion in international capital markets.
The two new bonds are set to mature in ten and 30 years respectively.
One fund manager said this could ease the burden on the government.
Makwe Masilela said, “we’ve got that shortfall, what we are receiving as government and what we need to spend… to fund that shortfall, you issue bonds.”
“Government has been able to borrow money to close that shortfall.”
“We’ve managed to R74 billion, that excludes the extra money we promised Eskom.”
“That burden has lessened because we’ve been able to raise that money to be able to spend as help some state-owned enterprises,” Masilela said.
In other news – Cassper Nyovest shows off his soccer skills in friendly celeb match
Cassper Nyovest played in a friendly celeb Heritage Day soccer match and dropped jaws with his skills – The game was hosted in support against xenophobia and consisted of two teams made up of celebs and soccer legends – Social media went crazy over Cassper and some even feel he should have rather pursued a soccer career.
Cassper Nyovest knocked the socks off of the people of Mzansi when he showed off his mad soccer skills in a friendly Heritage Day soccer match. continue reading
Source: eNCA
