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Published by: Andrew Mizner at 01/06/2021 Telecoms company MTN Nigeria has issued a NGN 110 billion bond as it seeks to manage its debt and finance.
Telecoms company MTN Nigeria has issued a NGN 110 billion bond as it seeks to manage its debt and finance infrastructure investment.
The Nigerian subsidiary of South Africa telecommunications company
MTN has issued a fixed rate bond worth NGN 110 billion (USD 266 million).
Headquartered in Lagos,
MTN Nigeria Communications made the issue as part of its wider NGN 200 billion (USD 484 million) bond issuance programme. It is the first such issuance to be made by a telecoms company in Nigeria, and is the largest corporate bond issue in the debt capital market in 2021 to date.
What should the response of the SA government be to what is happening in Cabo Delgado, and the pressures it confronts from national corporations and France over profits to be made in gas?
Vaccine rollout will support SA tourism recovery in 2nd half of 2022 - RMB
13 May 2021 8:36 PM
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The Money Show s Bruce Whitfield interviews Jessica Spira, Sector Head for Healthcare and Hospitality at Rand Merchant Bank.
What is the outlook for South Africa s devastated tourism industry as we face our third wave of Covid-19?
The CEO of Rand Merchant Bank (RMB) firmly believes there s reason for optimism if operators just hang in there.
The countryâs vaccine rollout will support a recovery in the tourism sector in the second half of 2022, says James Forby.
We have lagged many countries in getting our people vaccinated. However, we are now accumulating vaccines and we are hopeful that through ongoing government and private-sector collaboration, large-scale public vaccinations will start soon.â
Why South Africaâs rand is so smoking hot right now
10 May 2021 6:21 PM
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The Money Showâs Bruce Whitfield interviews John Cairns, Global Markets Strategist at Rand Merchant Bank.
The South African rand broke through R14 to the US dollar on Monday on the back of surging commodity prices.
The rand is trading near levels last seen in January 2020.
Picture: 123rf
By 4:05 PM, the rand was trading at 14.00 to the dollar.
The âBloomberg Commodity Indexâ - a broadly diversified commodity price index â is at its highest level in almost a decade.
Itâs mostly global issues driving it⦠The rand doing very well.