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Financial

Nedbank chief economist Nicky Weimar
A department of govt efficiency would not be a bad idea for South Africa, Weimar suggests
21st February 2025 By: Darren Parker

Following the unprecedented Budget speech debacle that played out on February 19, Nedbank chief economist Nicky Weimar has advocated for creative and ruthless cutting of wasteful government... 


Businesses urged to use enhanced deduction for renewable energy incentive before February 28
20th February 2025 By: Schalk Burger

Industry organisation the South African Photovoltaic Industry Association (SAPVIA) urges businesses to take advantage of the government’s renewable energy tax incentive before it expires on... 


woman making clothes
Govt to spend R18.4bn over next three years through various dtic incentive programmes
20th February 2025 By: Darren Parker

NTo enhance productivity, competitiveness and the green economy, government will spend R18.4-billion over the medium term to support businesses through various incentive programmes under the... 


SOLmate COO Jonathan Holden
Fintech SOLmate’s growth highlights demand for new payments technology
19th February 2025 By: Schalk Burger

Digital payment platform SOLmate has more than doubled its customer base and its eWallet transaction volumes have grown by up to 500% over the past year, which it says highlight how digital wallets... 


spaza shop
Tau announces fund to eliminate foodborne illnesses in township shops
18th February 2025 By: Darren Parker

A fund aimed at addressing challenges linked to foodborne illnesses, particularly in township convenience stores, has been established. This was announced by Trade, Industry and Competition... 


Handshake
African M&A records meaningful deal value increases in 2024
18th February 2025 By: Marleny Arnoldi

Law firm Herbert Smith Freehills (HSF) finds in its latest yearly merger and acquisition (M&A) report that activity in Africa continued on a downward trend in 2024, with a further decrease on the... 


An image showing UPD's new pharma-compliant EVs, supplied by Everlectric
UPD, partners launch country’s pioneer solar-powered refrigerated EV fleet
14th February 2025 By: Tasneem Bulbulia

Retailer Clicks Group and its pharmaceutical wholesaler United Pharmaceutical Distributors (UPD) have partnered with electric vehicles (EVs) lessor Everlectric and sustainable finance solutions... 


electricity pylons at sunset
Mashava assures that City Power is reviewing yearly tariffs
14th February 2025 By: Darren Parker

Johannesburg electricity utility City Power CEO Tshifularo Mashava has assured business customers in the city that the entity is working on reviewing the yearly electricity tariffs to cushion... 


An image of Tshikululu Social Investments senior social investment specialist Graeme Wilkinson
Suggestions to tackle ESG scepticism
14th February 2025 By: Nadine Ramdass

Amid growing public scepticism about the authenticity of companies' sustainability claims, businesses face the challenge of delivering meaningful impact through environmental, social and corporate... 


TymeBank, Kazang enable cash withdrawals from small merchant shops
13th February 2025 By: Schalk Burger

Digital bank TymeBank and prepaid services company Kazang Pay have partnered to make cash withdrawals more accessible to consumers in townships, rural areas and other underserved areas. TymeBank... 


Silhouette of construction workers on construction site at sunset
Nedbank report shows sharpest increase in fixed investment plans since 2021
13th February 2025 By: Darren Parker

The latest ‘Nedbank Capital Expenditure Project Listing’ report, published on February 13, shows the sharpest increase in fixed investment plans since 2021, reflecting a myriad of projects... 


Finance Minister Enoch Godongwana
PwC predicts tax revenue shortfall in upcoming budget
12th February 2025 By: Darren Parker

When Finance Minister Enoch Godongwana delivers his Budget Speech on February 19, it is expected that reported tax revenues will be about R10-billion short of initial forecasts, auditing firm PwC... 


Nedbank Commercial Banking planning and management executive head Herman de Kock
Nedbank launches more sophisticated banking instruments, advice for mid-corporate companies
12th February 2025 By: Marleny Arnoldi

Financial institution Nedbank has expanded its banking and advisory offerings to mid-corporate-sized businesses to help realise more growth in this key sector of the economy. Nedbank Commercial... 


Public Works and Infrastructure Minister Dean Macpherson
Macpherson voices his approval of PPP regulatory easements
11th February 2025 By: Darren Parker

Public Works and Infrastructure Minister Dean Macpherson has stated his approval of Finance Minister Enoch Godongwana’s amendments to Section 16 of the Public Finance Management Act, which will... 


Agreement signed to develop R1.8bn rare earth, critical battery elements refining facility in Africa
10th February 2025 By: Darren Parker

South African multidisciplinary asset manager Novare and ReElement Technologies Corporation, a subsidiary of Nasdaq-listed American Resources Corporation, has announced a R1.8-billion rare earth... 


African development financier successfully secures major Islamic finance facility
7th February 2025 By: Rebecca Campbell

African infrastructure and industrial development funding agency, the Africa Finance Corporation (AFC), has made a successful strategic return to the Islamic finance market, after a gap of eight... 


NDB appoints Chebeskov, Oliveira as directors
6th February 2025 By: Schalk Burger

The BRICS multilateral development finance institution the New Development Bank (NDB) has appointed Ivan Chebeskov and Ivan Tiago Machado Oliveira as directors following the resignations of Timur... 


Spark to finance energy efficient lighting projects at 93 retail stores
6th February 2025 By: Schalk Burger

Climate and impact fund manager Camco subsidiary Spark Energy Services has signed an agreement with renewable energy and energy efficiency company GreenYellow South Africa to finance a portfolio of... 


Andrew Coutts
Hollard Insure appoints Andrew Coutts CEO
5th February 2025 By: Sabrina Jardim

Insurance company Hollard Insurance Company has appointed Andrew Coutts as CEO of Hollard Insure – the short-term insurance division of South Africa’s largest privately owned insurer – succeeding... 


Absa chief information and technology officer Johnson Idesoh
Opinion: When machines start thinking about money
5th February 2025

In this article, Absa chief information and technology officer Johnson Idesoh writes about future developments in AI and how this will impact on the financial services sector. 


An image of Pegasys CEO Dr Constantin von der Heyden and RSK group CEO Alan Ryder
Pegasys joins RSK Group
4th February 2025 By: Tasneem Bulbulia

Africa-headquartered strategy and management consultancy Pegasys is now part of sustainable solutions provider the RSK Group. This follows the finalisation of a strategic partnership, strengthening... 


Insurance tycoon and property developer douw Steyn dies at 72
4th February 2025 By: Bloomberg

Douw Steyn, a South African insurance tycoon and luxury property-estate developer, died at 72. The founder of local insurer Auto & General and the UK’s BGL Group also set up Steyn City, a private... 


EV charging station concept
African Dawn Investments forms partnership to roll out EV chargers, BESSs across South Africa
31st January 2025 By: Darren Parker

Finance company African Dawn Investments has entered into a strategic collaboration with Singapore company WaterCloud International and Chinese original-equipment manufacturer Beny New Energy to... 


Drone on farm
WesBank urges more mechanisation in agri for max yield, climate resilience
31st January 2025 By: Marleny Arnoldi

Asset finance provider WesBank has called for greater adoption of mechanised farming as the sector grapples with multifaceted challenges including production costs, land and water scarcity,... 


ADQ, Orion Resource Partners establish metals, mining JV
31st January 2025 By: Schalk Burger

Abu Dhabi sovereign investment company ADQ and metals and materials investment firm Orion Resource Partners have entered into an agreement to establish a new Abu Dhabi-based joint venture (JV) that... 


The IMF logo
IMF projects South Africa’s GDP growth will reach 1.5% this year
31st January 2025 By: Darren Parker

The International Monetary Fund (IMF) expects South Africa’s yearly economic growth rate to reach 1.8% by 2030, supported in large part by ongoing electricity and logistics reforms. In the outcome... 


Stocks & Strauss close to R400m second University Technology Fund to drive innovation
30th January 2025 By: Schalk Burger

Investment holding company Stocks & Strauss Fund Manager said all agreements for its innovation commercialisation University Technology Fund II (UTF II) have been concluded and a substantial... 


Suiso and Wuhuan Engineering discussing plans
Suiso’s R31.5bn coal-to-fertiliser, methanol project passes BFS stage
30th January 2025 By: Darren Parker

The bankable feasibility study (BFS) for blue ammonia producer Suiso’s R31.5-billion coal-to-fertiliser and methanol project in Kriel, Mpumalanga, was completed earlier this month. The study was... 


Prescient multi-asset portfolio head Rupert Hare
Prescient launches new domestic fund with R200m seed capital
27th January 2025 By: Darren Parker

Investment management company Prescient Investment Management has launched the Prescient Domestic Balanced Fund, seeded with an initial investment of R200-million. The fund has a number of unique... 


An image showing Sirius' decade on the JSE
Sirius celebrates decade on the JSE, positioning for further growth
24th January 2025 By: Tasneem Bulbulia

Sirius Real Estate, the owner and operator of business parks, offices and mixed-use workspaces in Germany and the UK, is celebrating a decade of successful listing on the JSE, and is eyeing further... 


rolled up Australian dollars
Unctad says mixed foreign direct investment activity in 2024 shows shifting dynamics
22nd January 2025 By: Marleny Arnoldi

Foreign direct investment (FDI) globally grew by 11% to $1.4-trillion last year, but contracted by 8% when excluding flows through European conduit economies. United Nations Conference on Trade... 


Summit expected to be watershed moment for development finance in Africa
20th January 2025 By: Darren Parker

South Africa is set to host the Finance in Common Summit (FiCS) in February, marking a transformative milestone in the continent’s development finance narrative. This historic occasion coincides... 


Magazine Cover image
Central bank buying likely to remain key to gold’s 2025 performance
17th January 2025 By: Sabrina Jardim

Driven by factors such as strong global gold exchange-traded fund inflows and over-the-counter (OTC) demand, gold’s record-breaking year of 2024 saw the gold price rising by more than 28% in US... 


PowerGen launches African renewable energy investment platform
16th January 2025 By: Schalk Burger

Renewable energy company PowerGen Renewable Energy (PowerGen) has partnered with international investors to establish a scalable, distributed renewable energy platform targeting the deployment of... 


African development finance institution successfully issues its first perpetual hybrid bond
16th January 2025 By: Rebecca Campbell

African development finance institution, the Africa Finance Corporation (AFC), has announced that it has successfully priced its first ever perpetual hybrid bond issue. This issue has a value of... 


African development financier gets AAA rating from Chinese ratings agency
14th January 2025 By: Rebecca Campbell

African infrastructure and industrial investment catalysing agency, the African Finance Corporation (AFC), has announced that ratings agency China Chengxin International Credit Rating (CCXI) had... 


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The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

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Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

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M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

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Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

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