RANK­ING OF PCF

Finweek English Edition - - INSIGHT: LOCAL -

Un­for­tu­nately one of the most cited rea­sons for lenders’ dis­in­ter­est in ad­vanc­ing PCF, are the con­cerns raised re­gard­ing the un­cer­tainty and am­bi­gu­ity sur­round­ing the pri­or­ity rank­ing of PCF. The rank­ings cur­rently fol­low the South African laws ap­pli­ca­ble to the liq­ui­da­tion rules of list­ing of debt, there­fore you have to rank the cred­i­tors in their re­spec­tive cat­e­gories of pre­ferred, non-pre­ferred, se­cured, un­se­cured, in­ter­est free, and in­ter­est payable, etc.

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