Private equity fund Pape Fund 3 has expanded its investment in fraud prevention and payment security company Entersekt, buying out financial services firm Nedbank Private Equity’s equity stake.... 

Financial institution First National Bank (FNB) says it has seen strong demand from clients buying Krugerrands on its trading platforms as consumers embrace alternative asset classes to diversify... 

Global development finance institution the International Finance Corporation (IFC) will provide a R200-million local currency senior loan to African healthcare provider Lenmed to expand its... 

Nedbank Corporate and Investment Banking (CIB) has concluded a R1-billion term funding facility for the State-owned Industrial Development Corporation (IDC) of South Africa. The funding will... 

Credit ratings agency S&P Global Ratings said it expects downward pressure on earnings for the insurance industry in South Africa if extreme weather trends persist. The capital and liquidity... 

JSE-listed African Rainbow Capital (ARC) Investments says that, despite an unfavourable macroeconomic environment for the quarter ended March 31, several portfolio companies have demonstrated... 

Financial services provider Absa, in collaboration with the International Finance Corporation (IFC), has launched a new initiative within the South African residential market aimed at promoting... 

Global body UN Trade and Development (Unctad) has urged action to deal with the alarming surge of global debt and proposed reforms to international finance systems to safeguard “a prosperous future... 

South African enterprise payments platform startup Revio has rebranded to Precium in a move made to signify its growth from a local processor to a global payments platform. Precium experienced... 

South Africa recorded a preliminary trade balance surplus of R10.5-billion in April, the South African Revenue Services (Sars) reports. This surplus is attributed to exports of R169.5-billion and... 

As a way of meeting the growing need for energy efficient heating and cooling solutions, South African corporate and investment bank Rand Merchant Bank (RMB) Corvest has partnered with UK... 

Short-term insurer Santam has acquired Kandua, an online marketplace company for home services. Kandua will merge with Santam’s existing home service offering, Home+, forming a wholly owned,... 

With the agriculture sector’s 33-million smallholder farmers contributing 70% of Africa’s food supply, it is pertinent that more innovative financing mechanisms are created as the continent... 

Infrastructure financier the Africa Finance Corporation (AFC) and sustainable mobility company Alstom have signed a memorandum of understanding to propel the development of the Kinshasa MetroKin... 

Investment organisation the European Investment Bank (EIB) Global has invested €25-million into pan-African fund Amethis Fund III, which aims to provide private equity growth capital to... 

Mediation between financial services group Nedbank and State-owned Transnet, in respect of interest rate swap transactions (swaps) between the parties that took place in December 2015 and March... 

The African Development Bank (AfDB) has emphasised its role in delivering the Desert to Power Initiative, which aims to energise one of the least developed and most marginal parts of the continent.... 

Financial services provider Rand Merchant Bank (RMB) acted as the sole mandated lead arranger and funder of a $100-million funding package for global telematics business Powerfleet. The entity was... 

Finance institution Nedbank on May 15 announced the launch of the R10-million Indalo Fund at the Indalo Inclusive Symposium at the Council for Scientific and Industrial Research in Pretoria. The... 

South African banking group Absa and the International Finance Corporation (IFC – part of the World Bank group) will jointly provide a commodity trade finance facility, worth up to $60-million, to... 

JSE-listed real estate investment trust Dipula Income Fund has reported improved operational and financial metrics, as well as strategic gains in a period that marked the first phase of its new... 

Business organisation Business Leadership South Africa CEO Busiswe Mavuso writes in her latest weekly newsletter that the withdrawal of foreign investment seems to be “dominating” at present. She... 

Following a decade of underspending on repairs and maintenance on infrastructure, JoburgCAN, an initiative of the Organisation Undoing Tax Abuse (Outa), says it is “gravely concerned” over the... 

Financial services firm Absa has launched a non-banking subsidiary in China to fortify the economic links between Africa and the Asian country. The office will operate under a wholly foreign owned... 

The JSE is undertaking several initiatives to mitigate de-listings and reduced market capitalisation, chairperson Phuthuma Nhleko said during the entity’s AGM on May 7. Speaking to Engineering News... 

Amid a current backlog of around 321 000 unfinalised claims, the Road Accident Fund (RAF) has launched a campaign to reduce claims submitted before April 2021 that have yet to be finalised. The... 

Financial services firm Standard Bank has committed to Acre Impact Capital’s Export Finance Fund I to support the financing of sustainable projects in Africa. Acre Impact Capital manages Export... 

Development finance institution African Development Bank (AfDB) group president Dr Akinwumi Adesina has called for a major political commitment to kick-start construction work on the Democratic... 

The heightened sense of urgency within Zimbabwe’s government to act as the country’s currency crashed – losing 90% of its value since the beginning of the year – was there for all to see in the... 

The Professional Provident Society (PPS), the financial services group focused solely on providing customised financial services solutions for graduate professionals in South Africa and Namibia,... 

South African financial services group Alexforbes (more formally, Alexander Forbes) has entered a collaboration with local green advisory and investment group Alternative Prosperity to enter the... 

The World Bank and six other multilateral banks have made good progress in integrating global challenges like climate change into their agendas, but most have miles to go in implementing other... 

New Development Bank (NDB) VP and CFO Leslie Maasdorp will step down from his role on July 7, after nine years of service at the bank. In July 2015, South Africa’s Cabinet appointed Maasdorp as VP... 

The Coega Development Corporation (Coega) says it has successfully implemented infrastructure projects to an accumulative value of about R48-billion since the inception of its development programme... 

The Public Investment Corporation (PIC) has appointed Batandwa Damoyi as its new CFO. She is a chartered accountant, with more than 16 years of experience post articles in corporate finance.