On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Standard Bank London Ltd said it had arranged, along with Sumitomo Mitsui Banking Corp, a US$250 million four-year syndicated revolving credit facility for South African mobile phone operator MTN.

- Global Technology is fighting for survival, with auditors saying they are concerned about its ability to continue as a going concern unless it raises new capital and succeeds in a cost-reduction programme.