South African consumers are R1.56 trillion in debt to credit providers; and 53% of this debt is owed to the banks for Mortgages.

Hyprop announced a favourable restructuring of its debt facilities, with the conversion of R648 million in conventional bank loans into debt capital market (“DCM”) funding.

Friday, 15 March 2013 11:03

Debt levels could make SA vulnerable

The country’s levels of debt make it vulnerable to economic shocks although in the past the country has been able to reduce its public debt, says Finance Minister Pravin Gordhan.

Tuesday, 22 January 2013 13:38

2013, the year to escape the debt trap

The residential property market survived 2012 with a few nicks and bruises but, generally it remained stable with positive signs; like the banks relaxing their loan requirements and the historically low repo rate to help matters along. 

Emira Property Fund has once again restructured its existing debt facilities with the highly successful auction of R400m of three month commercial paper in the debt capital markets

JSE premier shopping centre fund, Hyprop, is well positioned to access alternative funding markets following recent rating by Moody’s Investor Services (“Moody’s”) of national scale long-term issuer A3.za and a short-term rating of Prime-2.za.

Wednesday, 28 March 2012 02:00

Erbacon in R200m plus recapitalisation plan

Erbacon announces a debt restructuring plan in excess of R200m to recapitalise the business growth.

Wednesday, 09 November 2011 02:00

Capco announces debt facility to refinance loan

London-and JSE-listed property group Capital & Counties Properties PLC has announced a new EUR300m debt facility to refinance its 2013 Covent Garden loan.

Tuesday, 17 February 2004 02:00

Concor squeezed as spending falls

Construction group Concor reported a marginal drop in its half-year earnings and expects profits to be marginally down for the full year.

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