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The Nairobi Securities Exchange (NSE) of Kenya and the National Securities Exchange of Somalia (NSES) have signed an agreement to deepen cooperation in East Africa’s capital-markets ecosystem and...
The Central Energy Fund (CEF) has conveyed its regret at the sudden passing of director Unati Figlan, who also served as the chairperson of legacy entities PetroSA, Strategic Fuel Fund and iGas....
Africa's natural capital of mineral and natural resources underpins the continent’s development agenda and places it at the centre of the global clean energy transition, and demand for critical...
The African Development Bank (AfDB) and the European Investment Bank (EIB) signed a financing package worth $275-million to help Mauritania upgrade its main railway corridor. Under the agreement,...
South African alternative stock exchange A2X Markets has retained 40 of the 43 companies listed through its 2023 opt-out admission process following the conclusion of its 90-day enforceable...
Commercial and industrial solar power company Candi Solar has secured $58.5-million in funding from development finance institution the International Finance Corporation (IFC), which is a member of...
State-owned freight utility Transnet confirms that it has reached a commercial settlement agreement with financial services provider Nedbank in a protracted legal dispute between the parties....
The National Treasury has launched a new infrastructure and development finance bond, which will be issued to the market under government’s domestic borrowing programme. This is part of a suite of...
Every $1-billion invested globally in AI-dedicated data centres requires about $125-million in related energy-sector investment, with two-thirds of this amount needed for grid upgrades and...
Infrastructure and industrial development institution Africa Finance Corporation (AFC) has obtained a $75-million loan facility from the Arab Bank for Economic Development in Africa (BADEA). The...
State-owned utility Eskom has confirmed the successful resolution of a long-standing commercial dispute that began in 2022, with the Stefanutti Stocks Basil Read (SSBR) joint venture (JV) relating...
E-commerce retailer and service provider Takealot increased its revenue by 23% year-on-year for the six months to September 30, and narrowed its loss before interest and taxes by 68% to...
Impact investment management company Summit Africa has secured about R900-million in investment commitments toward its second private equity fund Summit Private Equity Fund II’s (SPEF II’s) target...
The South African Revenue Service (Sars) has launched the Large Business Forum to foster voluntary compliance and strengthen the relationship with South Africa’s largest corporate taxpayers. “The...
JSE-listed cement and building materials manufacturer PPC has reported a 6.2% year-on-year increase in revenue and a 23.5% year-on-year increase in earnings before interest, taxes, depreciation and...
JSE-listed technology investment management companies Naspers and its Europe-listed subsidiary Prosus will provide equity-free grant funding totalling $100 000 to the five winning female founders...
Multilateral finance institution the European Investment Bank’s (EIB’s) development finance arm EIB Global has extended a €350-million loan to State-owned transport and logistics company Transnet....
South Africa's finance industry is on the right track to enable real-time payments, with initiatives such as low-cost money transfer scheme PayShap moving the country towards the unified, real-time...
A new regulatory initiative aimed at unlocking global capital flows for local startups was unveiled during a panel discussion at the recent South African Venture Capital and Private Equity...
International development organisation the World Bank Group has appointed Paschal Donohoe as MD and chief knowledge officer, effective November 24. Donohoe has served as Ireland's Minister for...
A cross-industry survey of anti-fraud professionals found that 77% of respondents reported an acceleration in deepfake social engineering over the past 24 months; and that 28% of respondents expect...
As South Africa hosts the G20 leadership summit this week, President Cyril Ramaphosa has positioned the moment as evidence of national progress. Yet the broader economic picture remains mixed, with...
South African pension funds should be used more aggressively to finance local construction, Oceans Umhlanga Development chairperson and developer Vivian Reddy has said, arguing that current...
Various business organisations and economists have praised the 2025 Medium-Term Budget Policy Statement (MTBPS), delivered by Finance Minister Enoch Godongwana on November 12, for maintaining...
President Cyril Ramaphosa has reiterated government’s strategic shift in government spending during his address at the 2025 National Construction Summit in Ekurhuleni, on November 13, promising the...
JSE-listed real estate investment trust Dipula Properties says its performance for the second half of its financial year to end August 31 outpaced that of the first half, driving a full-year...
Financial services provider FNB and multinational payment card services company Mastercard on November 11 launched Globba, a cross-border payments solution powered by Mastercard Move. The product...
Automated clearing house and payments infrastructure company PayInc, previously known as BankservAfrica, says the South African Reserve Bank (SARB) has subscribed to a 50% equity shareholding in...
JSE-listed industrial equipment and services company Barloworld, in a trading statement, says it expects its basic earnings per share (EPS) for the financial year ended September 30 to have...
The Medium-Term Budget Policy Statement (MTBPS) to be presented in Parliament this week is another opportunity for government to signal real progress in improving the management of the country’s...
JSE-listed real estate investment trust Growthpoint Properties will provide verified renewable energy certificates (RECs) to 26 branches of financial services firm Nedbank that use the power...
Research and consulting firm PBS Development Consulting has recommended the establishment of a dedicated ‘Just Transition Worker Fund’ to ensure South Africa’s climate transition addresses...
JSE-listed building and construction materials company Sephaku Holdings grew its revenue for the six months to September 30 to R665.1-million, up from R613.8-million in the six months to end...
Finance Minister Enoch Godongwana has appointed Lebogang Paul Mogashoa as the Pension Funds Adjudicator (PFA) for the Office of the Pension Funds Adjudicator (OPFA). The appointment is for a period...
The South African Bureau of Standards (SABS) is once again facing renewed allegations of mismanagement, leadership instability and governance failures, as contained in whistleblower letters...
Financial technology (fintech) company Optasia has successfully listed on the main board of the JSE, with its initial public offering (IPO) having been priced at R19 apiece. The listing marks a...
The Road Accident Fund (RAF) has paid out a record R5.5-billion in October, its highest monthly payout for the 2025/26 financial year, as the newly appointed board marks its first 100 days in...
Digital bank TymeBank has received approval from the South African Reserve Bank’s Prudential Authority to appoint Cheslyn Jacobs as its new CEO, effective January 1, 2026. Jacobs will succeed Karl...
Financial company Standard Bank has closed a bespoke R1.92-billion equity financing solution for black-owned infrastructure investment and development company H1 Holdings. The funding solution,...
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