PLC FINANCE HANDBOOK – 2012 EDITION

By Ulrike Naumann Tuesday, June 26, 2012
  • SHARE THIS ARTICLE

The lending market in South Africa has seen renewed activity with a number of smaller private equity buyouts and other corporate action being funded by bank-lending. The last year has also seen a renewed interest in alternative funding mechanisms (such as the issuance of high yield bonds) and the lending market will continue to feel some pressure from these alternative funding sources in the near future. The lending market has had to take into account the changes to South African company law introduced by the Companies Act 2008 (New Companies Act), which came into force on 1 May 2011 and made some significant changes to the corporate framework.

Read further