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EV charging station concept
African Dawn Investments forms partnership to roll out EV chargers, BESSs across South Africa
31st January 2025 By: Darren Parker

Finance company African Dawn Investments has entered into a strategic collaboration with Singapore company WaterCloud International and Chinese original-equipment manufacturer Beny New Energy to... 


Drone on farm
WesBank urges more mechanisation in agri for max yield, climate resilience
31st January 2025 By: Marleny Arnoldi

Asset finance provider WesBank has called for greater adoption of mechanised farming as the sector grapples with multifaceted challenges including production costs, land and water scarcity,... 


ADQ, Orion Resource Partners establish metals, mining JV
31st January 2025 By: Schalk Burger

Abu Dhabi sovereign investment company ADQ and metals and materials investment firm Orion Resource Partners have entered into an agreement to establish a new Abu Dhabi-based joint venture (JV) that... 


The IMF logo
IMF projects South Africa’s GDP growth will reach 1.5% this year
31st January 2025 By: Darren Parker

The International Monetary Fund (IMF) expects South Africa’s yearly economic growth rate to reach 1.8% by 2030, supported in large part by ongoing electricity and logistics reforms. In the outcome... 


Stocks & Strauss close to R400m second University Technology Fund to drive innovation
30th January 2025 By: Schalk Burger

Investment holding company Stocks & Strauss Fund Manager said all agreements for its innovation commercialisation University Technology Fund II (UTF II) have been concluded and a substantial... 


Suiso and Wuhuan Engineering discussing plans
Suiso’s R31.5bn coal-to-fertiliser, methanol project passes BFS stage
30th January 2025 By: Darren Parker

The bankable feasibility study (BFS) for blue ammonia producer Suiso’s R31.5-billion coal-to-fertiliser and methanol project in Kriel, Mpumalanga, was completed earlier this month. The study was... 


Prescient multi-asset portfolio head Rupert Hare
Prescient launches new domestic fund with R200m seed capital
27th January 2025 By: Darren Parker

Investment management company Prescient Investment Management has launched the Prescient Domestic Balanced Fund, seeded with an initial investment of R200-million. The fund has a number of unique... 


An image showing Sirius' decade on the JSE
Sirius celebrates decade on the JSE, positioning for further growth
24th January 2025 By: Tasneem Bulbulia

Sirius Real Estate, the owner and operator of business parks, offices and mixed-use workspaces in Germany and the UK, is celebrating a decade of successful listing on the JSE, and is eyeing further... 


rolled up Australian dollars
Unctad says mixed foreign direct investment activity in 2024 shows shifting dynamics
22nd January 2025 By: Marleny Arnoldi

Foreign direct investment (FDI) globally grew by 11% to $1.4-trillion last year, but contracted by 8% when excluding flows through European conduit economies. United Nations Conference on Trade... 


Summit expected to be watershed moment for development finance in Africa
20th January 2025 By: Darren Parker

South Africa is set to host the Finance in Common Summit (FiCS) in February, marking a transformative milestone in the continent’s development finance narrative. This historic occasion coincides... 


Magazine Cover image
Central bank buying likely to remain key to gold’s 2025 performance
17th January 2025 By: Sabrina Jardim

Driven by factors such as strong global gold exchange-traded fund inflows and over-the-counter (OTC) demand, gold’s record-breaking year of 2024 saw the gold price rising by more than 28% in US... 


PowerGen launches African renewable energy investment platform
16th January 2025 By: Schalk Burger

Renewable energy company PowerGen Renewable Energy (PowerGen) has partnered with international investors to establish a scalable, distributed renewable energy platform targeting the deployment of... 


African development finance institution successfully issues its first perpetual hybrid bond
16th January 2025 By: Rebecca Campbell

African development finance institution, the Africa Finance Corporation (AFC), has announced that it has successfully priced its first ever perpetual hybrid bond issue. This issue has a value of... 


African development financier gets AAA rating from Chinese ratings agency
14th January 2025 By: Rebecca Campbell

African infrastructure and industrial investment catalysing agency, the African Finance Corporation (AFC), has announced that ratings agency China Chengxin International Credit Rating (CCXI) had... 


SME business-building MoMo chatbot reaches 1m entrepreneurs in Côte d’Ivoire, Uganda
20th December 2024 By: Schalk Burger

About one-million small businesses in Côte d’Ivoire and Uganda have digitised their operations, increased the use of digital financial services and accessed digital marketplaces through the MoMo... 


Futuregrowth invests R150m in Sourcefin
18th December 2024 By: Schalk Burger

Investment company Futuregrowth Asset Management has invested R150-million in small, medium-sized and microenterprises (SMMEs) finance and specialist supply chain support financial technology... 


Customers paying with a nu-branded card
Nubank invests $150m in Tyme's Series D capital raise
17th December 2024 By: Schalk Burger

Digital financial services group Nubank has invested $150-million in Singapore-based financial services firm Tyme's oversubscribed $250-million Series D capital raise, with Catalyst subscribing for... 


Coins
Energy, fintech, impact investing shine in private capital investment sector
13th December 2024 By: Marleny Arnoldi

Southern African Venture Capital and Private Equity Association (Savca) says South Africa’s private capital market has demonstrated remarkable resilience despite global economic challenges. The... 


An image of Business Partners MD Jeremy Lang
Jeremy Lang appointed Business Partners MD
12th December 2024 By: Tasneem Bulbulia

Small business financier Business Partners has appointed Jeremy Lang as its new MD, effective January 1. Lang will succeed Ben Bierman, who is retiring after more than 35 years of service. 


An image of SBG deputy CEO Kenny Fihla
AfDB approves two facilities for Standard Bank
12th December 2024 By: Tasneem Bulbulia

Finance institution the African Development Bank Group (AfDB) has approved two financial facilities for South Africa-based Standard Bank Group to support economic development in Africa. The first... 


South African rands
Bidvest Group sells bank business to Access Bank for R2.8bn
12th December 2024 By: Marleny Arnoldi

Bidvest Group has concluded an agreement for the disposal of 100% of Bidvest Bank Holdings to Access Bank for R2.8-billion. Bidvest Group CE Mpumi Madisa says that, as a well-respected,... 


A building carrying the HSBC logo
HSBC, World Bank's IFC launch $1bn trade finance programme for emerging markets
12th December 2024 By: Reuters

HSBC and the World Bank's International Finance Corporation (IFC) will jointly provide funding to trade transactions valued at up to $1-billion, in a move to help fill a gap in financing for... 


hackers in the dark
Financial crime investigators can now subpoena digital bank records
11th December 2024 By: Darren Parker

The South African Banking Risk Information Centre (Sabric), the Directorate for Priority Crime Investigation (Hawks) and the Banking Association South Africa (Basa) have launched the Section 205... 


Real-time payments contribution to South Africa's GDP set to double by 2028
11th December 2024 By: Schalk Burger

Payments technology company ACI Worldwide says in its 'Real-Time Payments: Economic Impact and Financial Inclusion' report that the contribution of real-time payments to South Africa's GDP is... 


renewable energy and city at night
Renewables covering area the size of Europe needed for clean energy future, report shows
10th December 2024 By: Darren Parker

A newly released report by technology and lifecycle solutions provider Wärtsilä shows that an area the size of Europe will need to be covered with renewable power to reach a clean energy future... 


Sturdee Energy solar farm
Swedish, Danish funders invest in Southern African IPP
9th December 2024 By: Marleny Arnoldi

Sweden-based development financier SwedFund has partnered with Danish Investment Fund for Developing Countries (IFU) to accelerate renewable energy development in Southern Africa. As a starting... 


An image of the signing ceremony between Sturdee Energy and Frans Indongo Group, held in collaboration with RMB
Sturdee Energy, Frans Indongo Group, RMB Namibia collaborate on solar projects
9th December 2024 By: Tasneem Bulbulia

South African independent power producer (IPP) Sturdee Energy has partnered with Namibian-owned entity Frans Indongo Group, to raise a project finance facility of N$500-million from RMB Namibia as... 


An image of Coronation CEO Anton Pillay
Nedbank CIB advises Coronation on BBBEE deal
6th December 2024 By: Tasneem Bulbulia

Banking services provider Nedbank Corporate and Investment Banking (CIB) has advised independent asset manager Coronation Fund Managers on a broad-based black economic empowerment (BBBEE)... 


delegates celebrate the signing of the Atlanta Phambili pledge
South Africa signs pledge with Atlanta to drive US investment in South Africa
5th December 2024 By: Darren Parker

South Africa has signed a pledge with the US city of Atlanta, Georgia, to encourage increased US investment in South Africa and vice versa. The signing took place at a trade and investment seminar... 


National Treasury notes Moody’s reaffirmation of South Africa’s junk status
4th December 2024 By: Darren Parker

National Treasury has noted Moody’s decision to affirm the country’s long-term foreign and local currency debt ratings at Ba2 – otherwise known as non-investment grade or junk status – and maintain... 


dude pouring beer from a tap
Deadline for public comment on alcoholic beverages taxation discussion paper extended
3rd December 2024 By: Darren Parker

National Treasury has extended the deadline for public comments on its ‘Taxation of alcoholic beverages’ discussion paper. The paper was published for public comment on November 13, alongside two... 


structural steel
Itac gets Sars to provisionally implement 52.81% duties on imported Chinese structural steel
2nd December 2024 By: Darren Parker

Pending the outcome of an investigation by the International Trade Administration Commission of South Africa (Itac) into the alleged dumping of structural steel products imported from China and... 


Africa enjoyed a 9% y/y increase in FDI in 2024, report shows
2nd December 2024 By: Darren Parker

Africa recorded a 9% year-on-year increase in foreign direct investment (FDI) projects this year, albeit still 22% below prepandemic levels from 2019, EY Africa’s latest yearly ‘Africa... 


An image of Standard Bank Energy and Infrastructure, Corporate and Investment Banking senior VP Jeanne-Marie Fatti
CrossBoundary Energy secures $140m to scale African renewable-energy portfolio
2nd December 2024 By: Tasneem Bulbulia

Mauritius-headquartered CrossBoundary Energy, which provides financed renewable-led power solutions to African enterprises, has secured a $140-million senior debt commitment from Standard Bank of... 


FirstRand's first social bond proceeds to support FNB lending to SMMEs, housing customers
29th November 2024 By: Schalk Burger

The proceeds of financial services provider FirstRand Bank's inaugural social bond will be allocated to fund financial services firm FNB’s lending to small, medium-sized and microenterprises... 


SAIA Auction Information Guide booklet cover
SAIA publishes auction information booklet to provide guidance to auctioneers, the public
26th November 2024 By: Darren Parker

The South African Institute of Auctioneers (SAIA) has published a comprehensive new booklet to simplify the auction process for buyers, sellers and the general public. The ‘SAIA Auction Information... 


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SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

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