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South Africa to tap bond market for $5.4bln

In South Africa’s budget review last week, the Government revealed that it is planning to tap the global bond markets for up to $4.5 billion over the next three financial years, $1 billion of which could be issues before the end of March, if conditions allow.  Servicing the debt would make the line item the country’s fastest growing expenditure item which is estimated to rise by R15.3 billion over the next two years.

Read more at The Africa Report…

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