Bonds, Loans and Sukuks: In search of yield – Nana Phiri
Many of the emerging market funds looking for yield pickups will automatically be interested in the African story, given the yield pickup that you can still achieve in this space.
Loans
Brian Butchart: Is your trust still effective?
Recent changes to the income tax act have important consequences for anyone who transferred assets into a trust and may require some reconsideration in certain instances.
Struggling SAA looks to tap Vodacom exec Vuyani Jarana for CEO role
SAA has identified the Vodacom executive as a leading candidate to become the struggling state-owned carrier’s chief executive officer.
Is Barclays Africa beefing up in Mozam? Said to be front runner for Moza Banco SA
Barclays Africa is the lead bidder for Mozambique’s Moza Banco SA, according to people familiar with the matter.
Understanding fixed income and the opportunities it presents
South African investors are feeling saturated with bad news particularly with regard to their equity investments. What seems to get less attention is fixed income investments where the news is more positive.
VBS: “Usual processes applied” in granting Zuma’s R7.8m Nkandla home loan
The CEO of VBS Mutual Bank from whom Zuma received a loan to help him pay back R7.81m for non-security upgrades at Nkandla says no details of the loan will be made public.
Not victimless crimes: Barclays ‘rogue’ traders face new benchmark – jail time
As the four former Barclays traders convicted of rigging Libor await sentencing this week, a new type of benchmark set by Tom Hayes may haunt them.
Brian Kantor: Credit – SA success story. Regulation stagnating.
Brian Kantor says the public and regulators should appreciate more and worry less about credit that is freely supplied and demanded.
Zimbabwe says pays $180 mln to service Chinese loans
HARARE (Reuters) – Zimbabwe has spent $180 million in unbudgeted expenditure to service outstanding loans from China in an effort to improve relations and encourage new financial support, Finance Minister Patrick Chinamasa said on Wednesday. “In the first six months of this year we have had to cough up $180 million, which was not in … Read more
Reserve Bank disputes Moody’s downgrade of Capitec
By Tiisetso Motsoeneng JOHANNESBURG (Reuters) – South Africa’s central bank has disputed credit rating agency Moody’s downgrade of Capitec Bank, saying it disagreed with the rationale behind the two-notch rating cut for the local lender. Moody’s cut the financial strength rating of the lender to D from D+ on Friday and deposit ratings to Ba2/NP from Baa3/P-, … Read more