South African National Parks Considers Structural Change to Access Capital Markets
The South African National Parks board is set to evaluate a proposal for structural changes that would allow direct borrowing from capital markets and enhance earnings retention during a meeting from January 26 to 28. If approved, the plan would require consent from the environment department and National Treasury, aiming to address the growing demand for financial instruments related to biodiversity. Despite reporting record revenues of R4.1 billion last year, Sanparks is mandated to return surplus funds to the government and is exploring additional funding options like carbon credits and donor contributions for land protection.
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The South African National Parks board will evaluate a proposal to alter its corporate structure to enable direct borrowing from capital markets and increase earnings retention during a meeting from January 26 to 28. Approval from the environment department and National Treasury would be required if the board agrees.
Sanparks operates 21 national parks, including the flood-affected Kruger National Park. The change aims to meet rising demand for financial instruments linked to biodiversity. Sanparks reported record revenue of R4.1 billion last year, exceeding expenditure by R311 million, but is required to return the surplus to the government. It is considering various funding options, including carbon credits and donor funding for land protection.
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