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Financial

Sappi issues €300m senior notes to refinance debt
3rd March 2025 By: Darren Parker

Global renewable resource company Sappi has announced the offering of €300-million aggregate principal amount of senior notes due in 2032, in an offering that is exempt from the registration... 


BLSA CEO Busisiwe Mavuso
Dichotomy between G20 diplomacy opportunities and strained geopolitical relations
3rd March 2025 By: Darren Parker

Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso has noted the dichotomy between the prestige that comes with South Africa hosting the Group of 20 (G20) summit in 2025 and the... 


New AECI broad-based ownership scheme shareholders to benefit from AECI Mining
28th February 2025 By: Schalk Burger

JSE-listed AECI will introduce a broad-based ownership scheme (BBOS) wherein public benefit organisation AECI Foundation, formerly known as the Tiso AEL Development Trust, will subscribe for a new... 


AfCFTA Secretariat secretary-general Wamkele Mene
If South Africa is expelled from Agoa, it should look to Chinese, African markets, Mene says
28th February 2025 By: Darren Parker

South Africa’s expected expulsion from the African Growth and Opportunity Act (Agoa) need not be a death sentence to the country’s export prospects, African Continental Free Trade Area (AfCFTA)... 


PIC confirms it voted against proposed Barloworld takeover bid, citing governance concerns
28th February 2025 By: Schalk Burger

State-owned asset management firm the Public Investment Corporation (PIC), which is a 21.97% shareholder in industrial equipment and services company Barloworld, has confirmed that it voted against... 


Africa Risk Capacity CEO Lesley Ndlovu and IFC Africa VP Sérgio Pimenta
African Risk Capacity, IFC to boost agricultural insurance solutions in Africa
28th February 2025 By: Schalk Burger

African insurance services provider African Risk Capacity and development finance institution the International Finance Corporation (IFC) have signed a letter of engagement to strengthen... 


AfDB, Pandemic Fund seek to leverage resources for pandemic preparedness
28th February 2025 By: Schalk Burger

Development finance institution (DFI) the African Development Bank (AfDB) Group has signed an agreement to become an implementing entity of the pandemic prevention and preparedness partnership... 


EIB commits $52m to AFC Infrastructure Climate Resilient Fund
28th February 2025 By: Schalk Burger

Multilateral development finance institution the European Investment Bank (EIB) will invest $52.48-million in multilateral financial institution the Africa Finance Corporation's (AFC's)... 


A solar PV panel
Germany’s KfW to lend Cape Town €150m for green energy
27th February 2025 By: Bloomberg

Cape Town is set to accelerate its switch to green energy and limit reliance on erratic supply from the state power utility after winning a €150-million ($157-million) loan from Germany’s KfW... 


Ninety percent of South Africa's SMEs accept digital payments – Mastercard
26th February 2025 By: Schalk Burger

The third edition of payment technology company Mastercard’s SME Confidence Index shows that 90% of small and medium-sized enterprises (SMEs) in South Africa have adopted digital payments. This... 


UK development finance agency is anchor investor for new South African development fund
26th February 2025 By: Rebecca Campbell

South African black-owned and -managed impact investment management and licensed financial services provision group Summit Africa announced on Wednesday that its Summit Private Equity Fund (SPEF)... 


Kholo Capital Mezzanine Debt Fund I reaches final close at R1.4bn
25th February 2025 By: Sabrina Jardim

Specialist alternative investment fund management company Kholo Capital’s Mezzanine Debt Fund I has reached final close at R1.4-billion in commitments, in order to make long-term mezzanine debt... 


An image of ACED CEO James Cumming
Ishwati Emoyeni Wind Farm reaches financial close, construction under way
24th February 2025 By: Tasneem Bulbulia

Renewable-energy companies African Clean Energy Developments (ACED), Energy Infrastructure Management Services (EIMS) Africa and NOA Group Trading report that financial close has been reached and... 


FATF logo on display at a conference
South Africa progressing efforts to get off the FATF greylist
24th February 2025 By: Schalk Burger

Intergovernmental organisation the Financial Action Task Force (FATF), on February 21, upgraded four of the six outstanding action items South Africa must undertake to be considered for delisting... 


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... 


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