VSBCnews
  • VSBCnews
VSBCnews  |  Mount Vema  |  World News  |  Weather  |  Advertise with us  |  Contact us
Picture
VSBCnews Global Ads

Africa

See WORLD NEWS for the latest updates

South Africa's Land Bank close to completing restructuring plan after debt defaults

6/17/2020

 
June 17, 2020 - Johannesburg, South Africa, Africa - South Africa's ailing state-owned agricultural lender the Land Bank said on Wednesday it was close to finalising a liquidity and debt restructuring plan after it missed loan repayments this year and saw its credit rating cut deep into subinvestment. In a statement the firm said the plan under discussion with lenders and the National Treasury would look to raise a 3 billion liquidity facility from lenders, extend terms of all debt maturing in the next 12 months, and consider "equity solution".
​

Comments are closed.
    Picture
    VSBCnews Global Ads
VSBCnews  |  Mount Vema News  |  World News  |  Weather  |  Advertise with us
VSBCnews is the Official News Channel of Mount Vema
The Vema Seamount Broadcasting Channel

VSBC-news.com is not just one of the most followed news channel in more than 80 countries with growing economies and by heads of states, politicians, business leaders, and decision makers worldwide, it is now also followed by a growing number of people from all walks of life worldwide following the evolution of Mount Vema. If you, your organization, or business is seeking global exposure, get in touch!  Advertise with us. We offer 50% discount deals on your first campaign. 
Picture
Picture

Contact us

vsbc-news.com

City of Mount Vema Project
Picture
VSBCnews Global Ads

Financial Compensation
  • VSBCnews