Govt auctions R1.2bn in bonds as Eskom bailout, revenue shortfall poke holes in budget | IOL Business Report

JOHANNESBURG – The National Treasury on Thursday announced a R1.2 billion increase in the fixed-rate and inflation-linked bonds weekly auction, from R3.3bn to R4.5bn.

Government entities regularly issue bonds and list them on the Johannesburg Stock Exchange debt board to raise funds for large capital projects, and investors lend money to these entities by buying the bonds. Treasury said that the inflation-linked bond auction amount will increase by R280 million, from R760m to R1.04bn.

The increase will be effective for the fixed-rate and inflation-linked bond auctions as of August 6 and August 16, 2019 respectively.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS MAVERICK: Inside African Phoenix’s R1.2bn private equity gambleAfrican Phoenix Investments, the company that emerged when African Bank Investment Limited came out of business rescue, has set aside R1.2bn for a new private equity fund to invest in eight to 10 deals over the next three years. This investment will be unleashed in tranches of about R500m. The private equity fund already has at least two deals under due diligence.
Source: dailymaverick - 🏆 3. / 84 Read more »

MARKET WRAP: JSE closes lower as focus shifts to US Fed interest-rate decisionSA recorded a trade surplus of R4.42bn in June, compared with a downwardly revised R1.7bn in May, slightly above analyst expectations
Source: BDliveSA - 🏆 12. / 63 Read more »