The deal with Standard Bank, Rand Merchant Bank and Nedbank doubles an existing R1.5bn overdraft-type facility up for renewal in June
Airports Company SA has signed a new R3bn loan with domestic banks and shelved major projects to shore up its finances during the coronavirus crisis, its CFO said on Thursday.
Acsa, which is 74%-owned by the government and counts the Public Investment Corporation as its second-biggest shareholder, told lawmakers in May that it needed the Treasury’s support to finance up to R11bn of new debt by 2025.
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