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International Monetary Fund MD Kristalina Georgieva and African Development Bank Group President Dr Akinwumi Adesina
IMF, AfDB urge African countries not to borrow against their natural resources
9th October 2023 By: Darren Parker

The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group (AfDB) urging countries in Africa to stop borrowing loans backed by their natural... 


Savca appoints five new board members
6th October 2023 By: Marleny Arnoldi

The Southern African Venture Capital and Private Equity Association (Savca) has appointed five new members, including Darshan Daya, Edmund Higenbottam, Liz Kolobe, Ria Papier and Nicola Gubb, to... 


University of the Free State Chancellor, Johannesburg Business School (JBS) Professor of Practice, Bidvest Group and SBV Services chairperson and World Economic Forum Community of Chairpersons member Bonang Mohale
Education key to changing the fortunes of South Africans
4th October 2023 By: Darren Parker

University of the Free State Chancellor, Johannesburg Business School Professor of Practice, Bidvest Group and SBV Services chairperson and World Economic Forum Community of Chairpersons member... 


Sustainability reporting to be even more ubiquitous going forward
4th October 2023 By: Darren Parker

The International Financial Reporting Standards (IFRS) Foundation’s International Sustainability Standards Board (ISSB) board member Dr Ndidi Nnoli-Edozien has emphasised the undeniable ongoing... 


Half of CEOs express doubts over Brics benefits, but confidence index improves
3rd October 2023 By: Tasneem Bulbulia

This quarter’s Merchantec CEO Confidence Index (MCCI) indicates that 55% of CEOs that were surveyed harbour doubts about the potential benefits of South Africa's association with the Brazil,... 


SOLmate COO Jonathan Holden
Digital wallets support growth of people's financial identities, habits
3rd October 2023 By: Schalk Burger

Digital wallets, which leverage people's cellphones to enable them to store, move and pay money via a digital platform, are helping them to establish financial identities and also to develop good... 


National Treasury makes two new appointments
29th September 2023 By: Tasneem Bulbulia

The National Treasury has appointed Mmakgoshi Lekhethe as Asset and Liability Management deputy director-general and Christopher Axelson as DP Tax and Financial Sector Policy acting deputy, with... 


DBSA highlights its contribution to infrastructure development in Africa
29th September 2023 By: Cameron Mackay

Development finance institution (DFI) the Development Bank of Southern Africa (DBSA) head of energy, environment and information and communications technology (ICT) Mathapelo Malao has emphasised... 


solar powered irrigation
Nithio invests in farming and irrigation technology
26th September 2023 By: Darren Parker

African energy finance platform Nithio has invested in solar irrigation and farming technology solutions company SunCulture. The investment was made through Nithio investment vehicle Nithio FI,... 


Avca summit in London to unpack sustainable investment strategies in Africa
19th September 2023 By: Tasneem Bulbulia

Pan-African industry association the African Private Capital Association (Avca) will host the second edition of the Sustainable Investing in Africa Summit, at the Sheraton Grand, Park Lane, London,... 


Stephen Linnell appointed BankservAfrica CEO
18th September 2023 By: Cameron Mackay

Financial market infrastructure firm BankservAfrica has appointed Stephen Linnell as CEO, effective from October 1 this year. “Linnell’s credentials as a dynamic executive across a wide range of... 


Saice suggests PPPs as the solution to govt’s constrained fiscus
15th September 2023 By: Cameron Mackay

The South African Institution of Civil Engineering (Saice) suggests an alternative solution that will assist the National Treasury as it grapples with the country’s constrained fiscus. In a letter... 


participants of the FLC at Finnish embassy
Finnish Embassy launches funding for circular economy, good governance projects
15th September 2023 By: Darren Parker

The Embassy of Finland has launched its support for several South Africa-based projects – two circular economy projects and two projects focused on promoting good governance under its Fund for... 


ARC grows intrinsic net asset value by 15.8%, reports portfolio restructuring progress
14th September 2023 By: Schalk Burger

JSE-listed investment holding company African Rainbow Capital (ARC) increased its intrinsic net asset value by 15.8% year-on-year to R15.3-billion for the financial year ended June 30, while its... 


Just Share reports slow progress on gender diversity in leadership roles at JSE Top 40
12th September 2023 By: Cameron Mackay

Nonprofit organisation Just Share has released the results of a study assessing gender equality at board and executive level at the JSE Top 40. “While women make up 46% of South Africa’s... 


Concessional climate finance essential to catalysing offshore wind developments – report
8th September 2023 By: Tasneem Bulbulia

A new report published by the World Bank’s Energy Sector Management Assistance Programme (ESMAP) and the International Finance Corporation (IFC) finds that concessional climate financing is... 


Survey shows improved Southern African private equity performance
7th September 2023 By: Cameron Mackay

Management consulting company EY Africa private capital leader and partner Graham Stokoe on September 7 discussed key findings of the Southern African Venture Capital and Private Equity... 


Standard Bank holds its ninth hackathon
5th September 2023 By: Schalk Burger

Financial services firm Standard Bank is holding the ninth yearly two-day Kuunda Disrupt Hackathon, which is aimed at harnessing the creative power of its people to tackle client pain points. The... 


Allianz board member Christopher Townsend
New SanlamAllianz partnership to provide insurance, financial services in 27 African markets
5th September 2023 By: Schalk Burger

Non-banking financial services group Sanlam and insurance and asset management group Allianz will create a pan-African non-banking financial services joint venture (JV) called SanlamAllianz with a... 


Pieter Smit appointed acting director of FIC
4th September 2023 By: Darren Parker

Finance Minister Enoch Godongwana has appointed Adv Pieter Smit as the acting director of the Financial Intelligence Centre (FIC), in accordance with Section 8 of the FIC Act.  Smit's tenure as... 


Kinetiko expects to complete Afro Energy buyout soon
4th September 2023 By: Darren Parker

Energy company Kinetiko Energy expects that it will formally close the acquisition of 100% of Afro Energy within the next few weeks.  Australia-headquartered Kinetiko is developing an energy... 


BLSA CEO Busisiwe Mavuso
BLSA funds new anti-corruption guide
4th September 2023 By: Darren Parker

Business Leadership South Africa (BLSA) has provided funding for the Gordon Institute of Business Science (GIBS) to produce a guide for South African companies to fight corruption.   BLSA CEO... 


An image of  International Monetary Fund first deputy MD Gita Gopinath
Fiscal consolidation, structural reform key to bolstering South Africa’s economic growth – IMF
31st August 2023 By: Tasneem Bulbulia

With tough global economic financial conditions and the rising needs and development priorities that South Africa has, government must better manage its fiscal situation, as well as address its... 


Afreximbank, CDB sign $400m loan to support SMEs
29th August 2023 By: Tasneem Bulbulia

State-owned development finance institution the China Development Bank (CDB) on August 29 signed a development-focused agreement to provide private banking company the African Export-Import Bank... 


An image of Dr Lova Marline from Madagascar
Jennifer Ward-Oppenheimer Research Grant shortlist announced
25th August 2023 By: Tasneem Bulbulia

The Jennifer Ward-Oppenheimer Research Grant has announced its shortlist of top five researchers for this year. To date, it has awarded $600 000 to researchers across Africa. 


IFC issues Zambian bond
25th August 2023 By: Tasneem Bulbulia

World Bank Group member the International Finance Corporation (IFC) has issued a 193.2-million Zambian kwacha bond – equivalent to about $10-million – to support the development of the country’s... 


A circular economy picture
2023 Mpumalanga green solutions pitch challenge calls for entries
24th August 2023 By: Tasneem Bulbulia

Nonprofit organisation the Mpumalanga Green Cluster Agency, supported by GreenCape in partnership with the UK Partnering for Accelerated Climate Transitions, or PACT, has invited innovators and... 


RH Managers to raise R2bn to boost social, energy infrastructure in South Africa
23rd August 2023 By: Tasneem Bulbulia

Johannesburg-based private equity and infrastructure investment firm RH Managers (RHM) is on a fundraising drive for a R2-billion social impact fund to boost South Africa’s healthcare and energy... 


Accelerate to sell Eden Meander centre in George to Sasol Pension Fund
23rd August 2023 By: Cameron Mackay

Diversified JSE-listed real estate investment trust Accelerate Property Fund has accepted an offer from the Sasol Pension Fund to acquire the Eden Meander Shopping Centre, with a gross lettable... 


residential rooftop solar
AWPower approved as MFC-financed residential solar provider
22nd August 2023 By: Darren Parker

Cape Town-based renewable energy solutions provider AWPower has been selected as an approved residential solar energy solutions provider for financial services provider Nedbank’s vehicle finance... 


Absa plays vital role in an infrastructure improvement transaction by Brics bank
22nd August 2023 By: Cameron Mackay

Infrastructure projects in South Africa have received a significant boost through a debut R1.5-billion debt issuance in the domestic market. The New Development Bank’s (NDB’s) bond issuance in... 


Standard Bank personal and private digital and ecommerce head Belinda Rathogwa
Banks have a role in encouraging mindful online behaviour
21st August 2023 By: Schalk Burger

Financial services organisations have an important role to play in informing and encouraging their clients to be vigilant when using digital platforms as fraud and cybersecurity risks continue to... 


An image of COP28 president-designate Dr Sultan Al Jaber
COP28 president-designate calls for climate finance delivery
18th August 2023 By: Tasneem Bulbulia

Addressing the nineteenth session of the African Ministerial Conference on the Environment (AMCEN) in Ethiopia, COP28 president-designate Dr Sultan Al Jaber has shared his vision and priorities for... 


Standard Bank
Standard Bank declares 690c interim dividend
17th August 2023 By: Marleny Arnoldi

Financial services provider Standard Bank has attributed its strong performance in the first half of the year, including a 35% growth in headline earnings, to its differentiated franchise and... 


Bigger targets needed to spur premium for South African projects
17th August 2023 By: Bloomberg

South African companies looking to issue green bonds or raise capital for climate-friendly projects have a better chance of getting preferential rates if they set ambitious targets that surpass... 


The Brics New Development Bank logo on a building
'Brics bank' issues first South African rand bonds
16th August 2023 By: Reuters

The development bank founded by the so-called Brics countries closed the auction for its first South African rand bonds on Tuesday, as it comes under pressure to boost its local currency... 


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Magazine round up | 13 December 2024
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