South Africa considers pandemic responses, including $5.3bn social bond
JOHANNESBURG – South Africa’s government is considering a range of proposals to help the economy recover from the impact of the coronavirus pandemic, including the potential sale of a 100 billion-rand ($5.3-billion) social-impact bond.
The suggestions have been submitted to the government by its own departments, a panel of presidential advisers and a group of independent economists, several of whom spent large parts of their careers in senior state positions.
The proposal for the bond was submitted by Intellidex, a South African capital markets and financial services consultancy, according to Stuart Theobald, its chairman. While it wasn’t solicited by the government, it is being considered.
Source: iol.co.za
