Karen Couzyn, a partner at Webber Wentzel, was quoted in a recent Financial Mail article about how the South African securitization market is slowly lifting itself from the canvas after being hammered by the global financial crisis.
“Helping it get back on its feet are fund managers on the hunt for yield” says Couzyn in the article. For now, she says, the recovery is more by way of an “uptick” focused on roll-overs of existing issues. Encouragingly, she adds, recent rollovers by Eskom and Investec were oversubscribed.
- Financial Mail