{"id":15067,"date":"2012-09-29T05:07:24","date_gmt":"2012-09-29T03:07:24","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/s-africa-to-debut-on-citi-index-credit-worries-remain\/"},"modified":"2012-09-29T05:07:24","modified_gmt":"2012-09-29T03:07:24","slug":"s-africa-to-debut-on-citi-index-credit-worries-remain","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-to-debut-on-citi-index-credit-worries-remain\/","title":{"rendered":"S.Africa to debut on Citi index, credit worries remain"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* S.Africa joins 22 countries in WGBI<\/span><\/p>\n

<\/span><\/p>\n

* Local bonds will represent 0.45 pct of index<\/p>\n

<\/span><\/p>\n

* Inclusion boosts bond purchases to 71 bln rand<\/p>\n

<\/span><\/p>\n

By Stella Mapenzauswa<\/p>\n

<\/span><\/p>\n

JOHANNESBURG, Sept 28 (Reuters) – South Africa’s debt market
\nshould continue to benefit after it becomes the first in Africa
\nto be included in a prominent global bond index, a welcome boost
\nafter violence tarnished the country’s investment reputation.<\/p>\n

<\/span><\/p>\n

The long-awaited debut in Citigroup’s World Government Bond
\nIndex – first announced in June but not officially effective
\nuntil Oct. 1 – puts South Africa alongside 22 other countries on
\nthe index, tracked by an estimated $2 trillion worth of funds.<\/p>\n

<\/span><\/p>\n

The inclusion offers some comfort to President Jacob Zuma’s
\ngovernment as it reels from a wave of strikes mainly in the key
\nmining sector, which helped prompt a credit downgrade from
\nratings agency Moody’s this week.<\/p>\n

<\/span><\/p>\n

Twelve South African government bonds with a market value of
\n$93.82 billion will be included, representing 0.45 percent of
\nthe index, Citigroup said this week.<\/p>\n

<\/span><\/p>\n

While it is hard to pinpoint how much money fund managers
\nhave injected into local debt ahead of Monday’s incorporation,
\nanalysts reckon WGBI-related demand has accounted for much of
\nthe nearly 71 billion rand ($8.67 billion) worth of bonds
\npurchased by foreign accounts so far this year.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* S.Africa joins 22 countries in WGBI * Local bonds will represent 0.45 pct of index * Inclusion boosts bond purchases to 71 bln rand By Stella Mapenzauswa JOHANNESBURG, Sept 28 (Reuters) – South Africa’s debt market should continue to benefit after it becomes the first in Africa to be included in a prominent global […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15067","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15067"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15067\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}