{"id":9800,"date":"2012-04-10T16:04:01","date_gmt":"2012-04-10T14:04:01","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-africas-transnet-to-raise-11-bln-in-debt\/"},"modified":"2012-04-10T16:04:01","modified_gmt":"2012-04-10T14:04:01","slug":"s-africas-transnet-to-raise-11-bln-in-debt","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-transnet-to-raise-11-bln-in-debt\/","title":{"rendered":"S.Africa&#8217;s Transnet to raise $11 bln in debt"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, April 10<\/span> (Reuters) &#8211; South African state-owned<br \/>\nlogistics group Transnet aims to raise 86.5 billion<br \/>\nrand ($10.98 billion)from debt capital markets to fund part of<br \/>\nits 300 billion rand capital expenditure plans.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Transnet, which moves commodities such as coal, iron ore and<br \/>\nfuel, previously said it would borrow 100 billion rand by<br \/>\nissuing bonds, domestic and international, bilateral loans.<\/p>\n<p><span><\/span><\/p>\n<p>Chief Executive Brian Molefe said about 70 percent or 213.6<br \/>\nbillion rand of the programme&#8217;s funding would come from<br \/>\ncashflows.<\/p>\n<p><span><\/span><\/p>\n<p>Transnet is looking to nearly triple its capital expenditure<br \/>\nfrom its original plan of around 110 billion rand to build and<br \/>\nexpand infrastructure in Africa&#8217;s biggest economy.<\/p>\n<p><span><\/span><\/p>\n<p>Bottlenecks at ports and rail lines run by Transet have<br \/>\nslowed exports and economic growth.<br \/>\n($1 = 7.8759 South African rand)\t<\/p>\n<p> (Reporting by Olivia Kumwenda, writing by Sherilee Lakmidas)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG, April 10 (Reuters) &#8211; South African state-owned logistics group Transnet aims to raise 86.5 billion rand ($10.98 billion)from debt capital markets to fund part of its 300 billion rand capital expenditure plans. Transnet, which moves commodities such as coal, iron ore and fuel, previously said it would borrow 100 billion rand by issuing bonds, [&hellip;]<\/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-9800","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\/9800","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=9800"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9800\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}