South African Revenue Service (Sars) Commissioner Edward Kieswetter on March 13 explained the revised revenue estimate presented by Finance Minister Enoch Godongwana in the Budget tabled in... 

Financial services firm Standard Bank has successfully closed a $250-million, seven-year unsecured loan from the International Finance Corporation (IFC), which will significantly bolster the bank's... 

After its unexpected postponement owing to disagreements between the partners in the Government of National Unity (GNU) last month, the 2025 Budget needs to reduce the policy and economic... 

The National Empowerment Fund (NEF) has announced its strategic investment in Unipro Protective Wear, a 100% black youth woman-owned business in South Africa’s clothing and textiles sector. Unipro... 

Rapid changes in global geopolitics mean that this week’s Budget speech will takes place in an entirely different context, Business Leadership South Africa CEO Busisiwe Mavuso said in her weekly... 

The Africa Finance Corporation (AFC) said it is accelerating efforts to mobilise the continent's money for investments and tapping investors in the Middle East and Asia, as developing nations... 

JSE- and Nasdaq-listed financial technology company Lesaka Technologies has completed the acquisition of South African prepaid electricity submetering and payment business Recharger for... 

Blended infrastructure finance fund the Emerging Africa & Asia Infrastructure Fund (EAAIF) has announced a $45-million funding contribution to commercial and industrial renewable energy company... 

South Africa’s Nedbank Group Ltd. and Norwegian investment firm Norfund are acquiring a “substantial minority” stake in a renewable energy company co-founded by a former JPMorgan Chase & Co.... 

As financial institutions work to combat financial crime, their interest in the use of AI technology in anti-money laundering (AML) processes continues to outpace implementation, says data science... 

Local stock exchange, the JSE, reported an increase in net profit after tax of 10.4% to R918-million for its 2024 financial year, with a return on equity of 20.2%, up from 19.4% in the prior year.... 

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... 

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... 

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... 

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)... 

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... 

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

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... 

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)... 

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... 

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... 

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)... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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

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... 

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

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... 

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... 

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... 

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...