South African banking and investment services group Absa has announced that it is making R50-million available to provide solar energy grants to small and medium enterprises (SMEs) that are its... 

The seasonally adjusted Absa Purchasing Managers’ Index (PMI), compiled by the Bureau for Economic Research, ticked down to 48.1 in March from 48.8 in February.  The PMI shows that, after a solid... 

The Competition Commission has welcomed the decision of the Competition Tribunal in which it dismissed applications or objections brought by various local and foreign banks to escape prosecution on... 

Financial services firm Absa has secured the opening investment in its Absa Green Deposit, which is an investment product that will link funds raised to a ring-fenced portfolio of eligible green... 

Development finance institution the Development Bank of Southern Africa (DBSA) has appointed Boitumelo Mosako as CEO with effect from April 1 after completing all internal appointment processes and... 

Three major jolts in as many years coupled with the once unthinkable possibility of a power grid collapse have spooked reinsurers in South Africa, spelling an end to cheap coverage in the... 

Financial services company FNB has announced low-cost energy solutions for consumers ranging from R149 a month. Customers will have access to range of alternative energy and back-up power solutions... 

Financial services firm Absa has announced that its long-term ambition is to reach net-zero by 2050 for Scope 1, 2 and 3 greenhouse-gas emissions. It has also committed to setting near- and... 

Regulations governing the weighting and capital treatment of cryptoassets and tokenised deposits should come into effect by January 1, 2025, financial sector regulator the South African Reserve... 

Research and consulting firm Intellidex has appointed Dr Roy Havemann as CEO of its South African business. He will work with Intellidex’s client base of institutional investors, banks, corporates... 

JSE-listed African Rainbow Capital (ARC) says its diverse investment portfolio has shown remarkable resilience in what was challenging macroeconomic conditions for all the firms it is invested in,... 

South African Fruit and Vegetables Canners Export Council (SAFVEC) GM Jill Atwood-Palm says the Gulfood Exhibition that took place in Dubai, in the United Arab Emirates (UAE), from February 20 to... 

Earlier this month, multinational brewing company Heineken South Africa spearheaded the launch of an initiative, Taverns of the Future, at The Spot 1818 in Phiri, Soweto.  The Spot 1818 is one of... 

While electricity generation capacity in South Africa is increasingly being privatised and decentralised, the government has stated that transmission infrastructure must remain in the hands of the... 

The National Business Initiative (NBI) has appointed Shameela Soobramoney CEO. She was previously chief sustainability officer and group strategist at the JSE. 

Mass retailer Massmart, in partnership with consumer finance company Retail Credit Solutions (RCS), has introduced a solar energy funding solution in the form of a loan of up to R250 000 for... 

While Africa is part of the global transition to low carbon energy, the consumption of oil and gas on the continent will increase, at least in the short term. So observed Standard Bank executive... 

South Africans can now make free real-time payments of up to R3 000 between bank accounts using the PayShap free payment system introduced by regulator the South African Reserve Bank (SARB) and the... 

Impact-driven property finance company TUHF21 has finalised its first funding vehicle aimed at financing rental properties in townships – the uMaStandi Fund – which has attracted R125-million in... 

Virtual trading floors for the JSE’s flagship financial literacy programme – the JSE Investment Challenge – have officially opened as the competition marks a 50-year milestone.  Designed to... 

African private equity firm Inspired Evolution successfully achieved the first closing of its third energy transition, net-zero climate impact Evolution fund on March 3. Evolution III closed at... 

The JSE’s solid performance for the year ended December 31, reflects the quality of its earnings and the resilience of its operating platforms within a challenging trading environment, group CEO... 

For South Africa to take full advantage of the opportunities presented by the growing global demand for green hydrogen, management consulting firm McKinsey managing partner of South Africa Kannan... 

Egypt has joined infrastructure investment institution the Africa Finance Corporation (AFC) as the first North African sovereign shareholder, serving to diversify the AFC’s expanding equity... 

Multilateral finance institution the European Investment Bank (EIB) and the European Commission have signed agreements, committing €4-billion in funding support for businesses in African, Caribbean... 

Industrial Development Corporation (IDC) CEO TP Nchocho has informed the board that he will be leaving when his fixed term-contract comes to an end on December 31. In light of this, it has been... 

The South African (SA) Mint Company, a wholly-owned subsidiary of the South African Reserve Bank, has introduced the penultimate collection in the second series of the Big 5 collectable range of... 

South Africa’s economy has performed surprisingly well lately, with gross domestic product trending at pre-pandemic levels; however, global and domestic challenges, especially energy impacts, are... 

Development finance institution the Development Bank of Southern Africa (DBSA) has received approval to appoint Boitumelo Mosako as its next CEO when the incumbent Patrick Dlamini’s term comes to... 

As impact investing gains momentum worldwide, capital markets and financial services research organisation Intellidex has launched the inaugural Africa Impact Investment Awards. Intellidex MD Dr... 

The Twelve B Green Energy Fund – South Africa’s first private equity fund enabling green energy investors to qualify for South African Revenue Service-approved tax deductions – was launched on... 

The share price of JSE-listed real estate investment trust (Reit) Attacq, which is developing Waterfall City, rose by nearly 22% on the morning of February 13 after the company announced that it... 

Ireland and Austria have joined the African Development Bank’s (AfDB’s) Africa Climate Change Fund (ACCF) with contributions of €2-million and €1-million, respectively, to support the fund’s work.... 

Globally mandated development institution the OPEC Fund for International Development and multilateral financial institution Africa Finance Corporation (AFC) have signed a $50-million loan... 

The South African Revenue Service (Sars) is emerging from State capture allegations and has made progress in several areas; however, there is still considerable work to be undertaken to get the...