Vox has secured new debt facilities, lead-arranged by Investec and also involving Standard Bank and Rand Merchant Bank, to allow it to ramp up its deployment of fibre broadband infrastructure.
Browsing: Rand Merchant Bank
CIVH, the Remgro-controlled holding company that owns both Vumatel and Dark Fibre Africa, is talking to both local and international investors to raise R6-billion in new funding.
Under the terms of the proposed transaction, existing airtime lenders will provide R4.25-billion in new super-senior debt secured by a significant portion of Cell C’s assets, excluding spectrum, according to sources.
South Africa plans to tap global appetite for green bonds to help fund an infrastructure programme worth as much as R2.3-trillion over the next decade.
Slow reforms and the return of rolling power cuts in South Africa could threaten the recovery of an economy that probably bottomed in the second quarter.
South African business confidence has plunged due to the impact of the coronavirus pandemic, with companies even more pessimistic now than at the height of disinvestment during apartheid.
South African business sentiment plunged to the lowest level in more than two decades in the first quarter and could weaken even further as the coronavirus hits the domestic and global economy.
Shareholders in telecommunications company Vox, including Rand Merchant Bank, have agreed to buy out fellow investor Investec as part of a R2-billion recapitalisation of the company.
Promoted | RMB recognises that to facilitate funding to its various clients requires a detailed understanding and mitigation of the risk in the technology sector and close collaboration among its product experts.
South African business confidence climbed to the highest since the start of 2015 in the fourth quarter as the appointment of Cyril Ramaphosa as the nation’s president boosts prospects for industry-friendly