Our team advised Bank of China the issuance, of ZAR 350 million unsecured floating rate notes on the Interest Rate Market of the JSE
- Home
- Home
- Our team advised Bank of China the issuance, of ZAR 350 million unsecured floating rate notes on the Interest Rate Market of the JSE
Our team advised Bank of China the issuance, of ZAR 350 million unsecured floating rate notes on the Interest Rate Market of the JSE
Cliffe Dekker Hofmeyr represented the Bank of China’s Johannesburg Branch.
Bank of China is one of the five largest state-owned commercial banks in the People's Republic of China. Our capital markets team advised this prestigious client in the issuance, in December 2017, of ZAR 350 million unsecured floating rate notes on the Interest Rate Market of the JSE. The issuance was made under the Bank of China’s ZAR 15 billion domestic medium term note programme.
You might also be interested in
18 Apr 2024
by Gerhard Badenhorst
VAT complexity or clarity: The Constitutional Court’s judgment in the Capitec Bank case
The deduction of value-added tax (VAT) is a fundamental principle of the operation of the VAT system. If a vendor who makes taxable supplies is denied the right to deduct VAT, then it distorts the operation of the VAT system and results in a cascading of thetax.
Tax & Exchange Control
8 min read
4 Sep 2023
by Imraan Mahomed and Thato Makoaba
Re-employed or re-instated after a dismissal: Who is liable for the arrear retirement fund contributions
An award won by a dismissed employee for re-employment or reinstatement after an unfair or unlawful dismissal would generally have different effects on past retirement fund contributions. Typically, the rules of a retirement fund would provide for the termination of membership on the dismissal of the employee. Also, the obligation of the employer for payment of contributions would cease from the date of dismissal.
Employment Law
2 min read
8 Dec 2023
by Puleng Mothabeng
BPR 398: Will you be the yield to my instrument?
The tax treatment of interest and dividends is quite different. Generally, interest paid on money borrowed in the production of trading income is deductible for tax purposes, while the interest derived by the creditor from a loan or investment of money is taxable.
Tax & Exchange Control
8 min read
27 Feb 2024
by Mike Collins
Mixed-use developments: The pros and cons
Mixed-use sectional schemes in South Africa have gained popularity for their potential to offer diverse and integrated living and working spaces. However, like any concept, they come with both advantages anddisadvantages.
Real Estate Law
3 min read
18 Oct 2023
by Deepesh Desai, Jamie Oliver, Tessa Brewis and Alecia Pienaar
Eskom’s grid allocation rules: On your marks, ready, set, halt!
The national grid, which facilitates the conveyance of electricity between points of generation and offtake, is a pivotal piece of South Africa’s energy infrastructure. Owing to the country’s historical reliance on coal as a main energy generation resource, the development and upkeep of the national grid was primarily centred around Eskom’s coal fleet in Mpumalanga, with little attention paid to implementing the same level of upkeep in other areas of the country where renewable energy resources are most concentrated.
Corporate & Commercial Law
5 min read
17 Oct 2023
by Sune Kruger
Extending your sectional title unit? What you need to know before laying the first brick
Have you made any additions to your home and had your building plans approved by the relevant municipality, but after attempting to sell your property found that the purchaser’s bank requires you to provide a registered sectional plan of the extension of your section before the transaction can proceed?
Real Estate Law
5 min read