Originally published by BusinessDay. Read the full story →
The International Finance Corporation and Citigroup have agreed on a 1.6 billion rand borrowing facility to expand local currency financing in South Africa, according to Reuters. The deal is aimed at helping businesses access funding in rand rather than foreign currencies, reducing the risks that come with exchange rate swings. In many developing economies, companies […] read more IFC, Citigroup launch $98m facility to cut currency risk in South Africa