U.K, March 22 -- South Africa's largest hospital group, Netcare Group, has partnered with Africa's biggest bank Standard Bank to unveil a sustainability-linked bond.
Not only is this bond the first of its kind in the healthcare sector in Africa, it is also Africa's first sustainability-linked bond, and is a boost to the ESG drive that is picking up pace across the continent and especially among corporates in South Africa.
Africa ESG demand picking up pace
Demand for sustainability-linked loans, green bonds and social bonds is rising fast across the continent. This is demonstrated by the high level of interest the market has expressed for this particular transaction.
"We are encouraged by the overwhelming level of interest and demand t...