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Zain Saudi Arabia to extend $2.6bn facility JEDDAH: Zain Saudi Arabia said it has approval to extend the maturity of its 9.75 billion riyal ($2.6 billion) Islamic financing facility for an additional six months, in a bourse statement on Saturday. "Saudi Arabia Zain announces that it has secured unanimous consent on January 25 from its Murabaha investors to extend the maturity of its approximately 9.75 billion riyal Murabaha facility. The facility will now mature on July 27, 2012," it said. Earlier this month, Zain Saudi Arabia posted an 11 percent decline in losses, bringing the firm's accumulated losses to about 9.6 billion riyals, around two-thirds of the company's 14 billion riyals of share capital. Bourse rules say listed firms must reduce their capital if losses exceed 75 percent. In October, Zain Saudi said it would ask shareholders to approve cutting its capital by 66 percent to alleviate losses. Copyright Reuters, 2012 ...

South Africa to auction 2018, 2020 and 2031 govt bonds           JOHANNESBURG: South Africa's Treasury said on Wednesday it would issue 2.1 billion rand ($263.60 million) spread between three bonds at its weekly auction next Tuesday. Treasury has offered 500 million rand in 2018 paper , 500 million in 2020 paper and 1.1 billion rand in 2031 bonds. Copyright Reuters, 2012 ...
South African bond yields rise on hawkish central bank  JOHANNESBURG: South African government bond yields rose after the Reserve Bank kept its key repo rate on hold on Thursday, saying the inflation outlook had deteriorated and signalling a more hawkish tone than the market had expected. The rand largely held on to the day's gains against the dollar after Governor Gill Marcus announced the key repo rate would stay unchanged at 5.5 percent, as expected. The yield on the 2015 bond rose to 6.67 percent ...
South African bonds weaken JOHANNESBURG: South Africa's government bonds weakened and yields edged higher, while the rand firmed slightly after the Reserve Bank kept its key repo rate on hold on Thursday, saying the outlook for inflation had deteriorated. The yield on the 2015 bond rose to 6.66 percent from 6.63 percent just before Governor Gill Marcus made the announcement. The rand firmed to 7.9150 against the dollar from 7.9334 beforehand.   Copyright Reuters, 2012   ...
South Africa to auction 2017 and 2021 bonds next week        JOHANNESBURG: South Africa's Treasury said on Wednesday it would issue 1.1 billion rand ($136 million) of its 2017 bond and 1 billion rand of the 2021 issue at a weekly debt auction next Tuesday. Copyright Reuters, 2012 ...
South African govt bonds firmer ahead of first auction   JOHANNESBURG: South African government bonds firmed slightly on Tuesday ahead of the year's first weekly debt auction, which is expected to attract healthy demand. Markets were also abuzz with talk of the National Treasury tapping global markets for the first time since March with a 12-year eurobond issue worth as much as $1 billion. IFR Markets, a Thomson Reuters bond analysis service, said the planned issue was priced 270 basis points over US Treasuries, down 5 basis ...
South Africa to auction 2018 and 2031 govt bonds        JOHANNESBURG: South Africa's Treasury said on Wednesday it would issue 1.1 billion rand ($136.91 million) worth of the 2018 government bond and 1.0 billion rand of the 2031 paper at a weekly auction next Tuesday. Copyright Reuters, 2011 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln