JSE to launch project bonds in March
Africa's largest bourse, the JSE, will begin listing "project bonds" from mid-March, an official said on Monday, giving institutional investors a window to invest in infrastructure projects.
The bonds will provide private firms a chance to get a foothold in infrastructure projects in Africa's most industrialised economy, where project financing has traditionally come from banks and government.
"We launch Project Bonds in the second week of March," said spokesperson Pheliswa Mayekiso, adding that details of the listing would be made public closer to the launch.
"Government and banks alone cannot fund South Africa's infrastructure programme," the Treasury said in a review of the 2018 budget released last week.
"These bonds will be underpinned by the cash flows of a ring-fenced project, such as infrastructure or energy projects," it said.
Capital markets have already reduced lending to some State-owned companies, such as sole power supplier, Eskom.
South Africa plans to spend billions of dollars over the next three years to build and revamp roads, power stations and ports, government officials said.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation