Barclays assures markets on BCL P1bn loan
Wednesday, October 12, 2016
Fichani
In a statement, the bank said all the corporate exposures to the BCL Group are fully secured.
“Barclays remains sufficiently liquid, well capitalised and we continue to execute our strategy in the market through the delivery of innovative financial products and services,” read the statement. In April, Parliament authorised the issuance of a government guarantee for a $100 million loan for the struggling state-owned copper and nickel miner.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...