Tag: Abax Investments

Moody’s downgrades SA to junk status – what does this mean for the economy?

Moody’s downgraded South Africa’s sovereign credit rating to junk status on Friday evening and this has left has left government concerned and trembling in its boots to what extent that this might have on the economy. The downgrade coupled with the COVID-19 fears is bringing much stress to the rand as well as the markets. Joining CNBC Africa to unpack it all is Rashaad Tayob, Fund Manager at Abax Investments and Jacques Celliers, CEO of FNB.

This is the cost on DBSA for bailing out SAA

The Development Bank of Southern Africa is bailing out SAA with a total amount of R3.5 billion, so what does this mean for the company's bonds. CNBC Africa is joined by Rashaad Tayob, Fund Manager, Abax Investments to find out what will unfold for DBSA.

What lies ahead for new Eskom CEO?

The announcement of Nampak CEO Andre de Ruyter as the new Eskom CEO saw yields on Eskom’s 2021 dollar bonds jumped the most in more than three months. The appointment of De Ruyter’s sent shockwaves through the market with many analyst concerned that Eskom’s challenges may be too big for him to fix. Rashaad Tayob, Fund Manager at Abax Investments joins CNBC Africa for more.

Why this fund manager thinks foreign currency debt could a be bad thing SA in the long run

South Africa has raised $5 billion in its largest ever Euro Bond sale. South African last spent in the Euro Bond market in May 2018 when they issued a $2 billion of 12 and 30 year debt. Joining CNBC Africa for more is Rashaad Tayob, Fund Manager at Abax investments.

Why ultra-low global bond yields are a good thing for SA as junk status looms

A downgrade to junk is a looming possibility for South Africa, and non-residents have sold a net R14.4 billion of the debt this month. Today bonds firmed, with the yield on the benchmark of 10-year government paper due in 2026 down 4 basis points to 8.395 per cent. Rashaad Tayob, Fund Manager at Abax Investments joins CNBC Africa for more.

Markets react to fimin Mboweni’s #2019budgetspeech

With the Rand falling to R14.36 at the start of Minister Tito Mboweni’s Budget Speech and then moving back into positive territory, Rashaad Tayob, Fund Manager at Abax Investments, joined Godfrey Mutizwa to talk about the reaction of the bond and currency markets to the poor headline numbers of the Budget.

The recovery currency and bond yields since #Nene gate

On this day three years ago, the South African currency and bond market saw a huge slump against the dollar on the back of the Finance Minister reshuffle. Joining CNBC Africa to unpack the state of recovery since then is Rashaad Tayob, Portfolio Manager at ABAX Investments.

How Netflix is funding its growth

Netflix recently issued $2 billion worth of new bonds to add to their existing $8.3 billion worth of debt. These new bonds have a term of 10.5 years. The strategy of the company has been to spend huge amounts on original content. Rashaad Tayob, Portfolio Manager at ABAX Investments joins CNBC Africa to give insight into this trend.
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