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JPMorgan CEO Jamie Dimon to visit Africa in growth push
18th September 2024 By: Reuters

JPMorgan Chase CEO Jamie Dimon plans to travel to Africa in mid-October in a push by the biggest U.S. lender to expand on the continent, four sources familiar with the matter told Reuters, his... 


Nedbank CIB, DP World Trade Finance partner to offer trade finance solutions
17th September 2024 By: Tasneem Bulbulia

Nedbank Corporate and Investment Banking (CIB) has announced a strategic partnership with DP World Trade Finance to address the working capital challenges faced by businesses across sub-Saharan... 


Cross section of copper cables
RMB assists in complex deal between Metier, sea cable recycler
17th September 2024 By: Marleny Arnoldi

Rand Merchant Bank (RMB) has provided transaction support to private equity firm Metier towards acquiring Mertech Marine. Through its Sustainable Capital Fund II, Metier is focused on investing... 


ARC Investments increases INAV a share by 8.5% on new investments, fair value gains
16th September 2024 By: Schalk Burger

JSE-listed investment holding company African Rainbow Capital (ARC) Investments increased its intrinsic net asset value (INAV) per share by 8.5% to R12.38 a share during its financial year to the... 


beer in glass mug with foam
SAB reiterates calls for revised approach to excessive beer excise tax increases
16th September 2024 By: Darren Parker

Government is disproportionately reliant on the beer-making industry for excise duties, which accounted for 34.7% of total excise revenues in the 2023/24 financial year, JSE-listed beer maker South... 


BRICS Business Council working groups offer updates on work in the year-to-date
13th September 2024 By: Darren Parker

The BRICS Business Council has provided an update on its work thus far this year, reflecting on progress made and the challenges posed by the inclusion of Egypt, Ethiopia, Iran and the United Arab... 


South African businesses remain resilient despite challenges
13th September 2024 By: Sabrina Jardim

Despite economic challenges, South African businesses have remained resilient and innovative, panellists said during this year’s Inn8 Invest Summit, held on September 12. Noting an improved sense... 


Finance Minister Enoch Godongwana
Restructuring to bring an end to Land Bank's debt default position
9th September 2024 By: Schalk Burger

State-owned agricultural finance institution the Land Bank has concluded a debt restructuring solution with all its lenders, which will take effect on September 16, and effectively end its debt... 


An image of Standard Bank power head Rentia van Tonder
Competitive energy sector drives innovation
6th September 2024 By: Nadine Ramdass

The competitive landscape for utility-scale renewable energy has significantly changed over the past decade, with developers driving more aggressive funding terms to remain competitive, says... 


An image of Aspen group CE Stephen Saad
IFC, Proparco, DEG and DFC provide finance to Aspen for medicine, vaccine production
3rd September 2024 By: Tasneem Bulbulia

The International Finance Corporation (IFC), Proparco, the German Development Finance Institution (DEG) and the US International Development Finance Corporation (DFC) have announced a joint... 


JSE logo
FSCA approves JSE’s plans to divide its main board into two segments
3rd September 2024 By: Darren Parker

The Financial Sector Conduct Authority (FSCA) has approved amendments to the JSE’s listings requirements dealing with market segmentation, which will come into effect on September 23.  The market... 


DBSA approves $200m for Lobito Corridor Railway project
3rd September 2024 By: Tasneem Bulbulia

Development finance institution the Development Bank of Southern Africa (DBSA) has, alongside the US International Development Finance Corporation (DFC), approved funding of up to $200-million... 


Panel ponders considerations, challenges of adapting personal income tax, fiscal system
30th August 2024 By: Tasneem Bulbulia

While progressive reforms have been made to South Africa’s personal income tax (PIT) system since the advent of democracy, the potential to bolster this further with the aim of increasing revenue... 


M&R reaches debt repayment agreement with banking consortium
30th August 2024 By: Darren Parker

JSE-listed Murray & Roberts (M&R) has reached an agreement with a consortium of South African banks to repay R409-million in debt. The debt, which peaked at about R2-billion in April 2023, has been... 


A group of aluminium tin cans one with a green recycle logo on it
South Africa’s scrap recycling lags behind global trends
30th August 2024 By: Halima Frost

It is undeniable that aluminium is one of the most recyclable materials in circulation globally, with about 75% of the total 1.5-billion metric tonnes of aluminium generated to date still in use,... 


MTN Group Fintech, Bayobab announce new appointments to their boards
28th August 2024 By: Natasha Odendaal

MTN Group has appointed four nonexecutive directors to the boards of its MTN Group Fintech and Bayobab businesses. Appointed to the board of MTN Group Fintech is Herman Bosman as independent... 


Image of the Cape Town
Cape Town secures additional R2.8bn in infrastructure finance
26th August 2024 By: Irma Venter

The City of Cape Town has secured R2.8-billion in infrastructure funding from the International Finance Corporation (IFC). Cape Town aims to spend R39.5-billion on infrastructure from July this... 


An image of Maria Jenner
Embracing diversity an ironclad requirement
23rd August 2024 By: Lumkile Nkomfe

To overcome gender-biased stereotypes and preconceptions in the workplace, concerted efforts to embrace diversity and inclusion should be a non-negotiable hallmark of corporate strategy, highlights... 


SONJA DE BRUYN Infrastructure projects and partnerships can be integral to enhancing equality, in addition to safe and effective transport infrastructure's facilitating the movement of women, and therefore, assisting in their participation in economic activity
Women’s participation key to economic growth – investment firm
23rd August 2024 By: Lumkile Nkomfe

Efforts to facilitate the greater participation of women in key sectors of the economy, such as the transport sector, are viewed with the utmost importance by women-led investment firm Identity... 


Worker at agricultural nursery
Santam relooks farm insurance ratings ahead of potential La Niña hail
19th August 2024 By: Marleny Arnoldi

As South Africa heads into a La Niña season, which brings about more rainstorms in the country, insurance provider Santam is revisiting its ratings for insurance related to the perils associated... 


Fetola founder and CEO Catherine Wijnberg
Sustainable SME funding platform seeks to grow circular economy
16th August 2024 By: Schalk Burger

Green small business funding digital platform Hloolo aims to close the gap between the funding needs of green and sustainable small and medium-sized enterprises (SMEs) and green finance available... 


Vista completes acquisition of Banco SocGen Moçambique
8th August 2024 By: Schalk Burger

Financial services firm Vista Group has completed its acquisition of 100% of Banco Société Générale Moçambique, which has eight branches and will be renamed Vista Bank Moçambique. The acquisition... 


AIIM's final close of infrastructure-focused AIIF4 fund exceeds $748m target
6th August 2024 By: Schalk Burger

Infrastructure equity management company African Infrastructure Investment Managers (AIIM) has achieved the final close of its fourth pan-African infrastructure fund African Infrastructure... 


Africa Finance Corporation welcomes DRC bank as its latest equity investor
6th August 2024 By: Rebecca Campbell

African infrastructure development funder, the Africa Finance Corporation (AFC), on Tuesday announced that it had received a new equity investment from Democratic Republic of Congo (DRC) bank and... 


Hands exchanging money
Financial literacy unlocks financial security, economic mobility – FSCA exec
6th August 2024 By: Schalk Burger

The fifth Money Smart Week South Africa will provide free financial education, as financial literacy unlocks economic mobility and enables people to achieve financial stability and secure their... 


An image showing the Kalkbult solar plant
Scatec sells part of Kalkbult, Linde, Dreunberg plants to Stanlib subsidiary
2nd August 2024 By: Tasneem Bulbulia

Renewable energy company Scatec on August 2 signed an agreement with Stanlib Infrastructure Fund II subsidiary, Greenstreet 1, to sell part of its ownership in the Kalkbult, Linde and Dreunberg... 


An image showing Eskom's logo on flags
JSE imposes censure, fine on Eskom for failure to comply with debt listing requirements
2nd August 2024 By: Tasneem Bulbulia

The JSE has imposed a public censure and a fine of R3-million on State-owned utility Eskom over its failure to comply timeously with stipulations of the debt listings requirements (DLRs). Eskom is... 


Infrastructure refurbishment investment alone could provide R100bn/y manufacturing stimulus
Infrastructure refurbishment investment alone could provide R100bn/y manufacturing stimulus
31st July 2024 By: Darren Parker

South Africa’s decaying water, electricity and logistics infrastructure presents a R100-billion a year repair and refurbishment investment opportunity that could provide much-needed stimulus for... 


Investment group and startup accelerator partner to support black-women-owned startups
30th July 2024 By: Rebecca Campbell

Entirely black-owned broad-based investment holding company, the Mineworkers Investment Company (MIC), and Cape Town-based specialist startup accelerator company Grindstone, have entered into a... 


National Treasury welcomes signing of Pension Funds Amendment Act into law
30th July 2024 By: Darren Parker

National Treasury has voiced its approval of the Pension Funds Amendment Act being signed into law by the President Cyril Ramaphosa last week. This signals the last part of the significant... 


Standard Bank Africa regions CE Yinka Sanni
Standard Bank commits $1m to AU Peace Fund
24th July 2024 By: Schalk Burger

Financial services firm Standard Bank has signed an agreement to make a total $1-million contribution over the next five years to the African Union Peace Fund (AUPF) to help the AU in its resource... 


World Bank Group leadership highlights progress, reaffirms support for South Africa, Namibia
24th July 2024 By: Tasneem Bulbulia

A delegation of the World Bank Group’s (WBG’s) board of executive directors (EDs) has noted South Africa’s and Namibia’s progress in achieving their development goals and has reaffirmed the bank’s... 


Preference Capital launches Merchant Cash Advance loan product
23rd July 2024 By: Schalk Burger

Specialist owner-managed businesses financial services firm Preference Capital, under its Cash Flow Capital brand, has launched the Merchant Cash Advance loan product, which offers a quick and... 


A shop in an informal settlement
Ramaphosa assents to National Small Enterprise Amendment Bill
23rd July 2024 By: Schalk Burger

President Cyril Ramaphosa has signed the National Small Enterprise Amendment Bill to establish a new entity – the Small Enterprise Development Finance Agency – which will incorporate the Small... 


Krutham executive chairperson Dr Stuart Theobald
Africa Impact Investment Awards recognise the power of catalytic capital
23rd July 2024 By: Schalk Burger

The 2024 Africa Impact Investment Awards, held in Nairobi, Kenya, celebrated the contributions made to the burgeoning impact investment sector across Africa by showcasing exemplary achievements in... 


Sars encourages use of digital platforms this filing season
16th July 2024 By: Sabrina Jardim

South African Revenue Service (Sars) Commissioner Edward Kieswetter on July 16 thanked those taxpayers who have interacted with the service over the past two weeks. This includes those who were... 


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Magazine round up | 13 September 2024
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