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The Competition Commission has recommended that the Competition Tribunal prohibit JSE-listed Sun International’s proposed acquisition of Peermont Holdings. The commission said on October 28 that it...
Despite enthusiasm for the development of a hydrogen economy from the public and private sectors, there remains a significant lack of coordination to effectively implement projects and bring the...
If hydrogen technology developer Mitochondria Energy CEO Mashudu Ramano had known beforehand how difficult it would be to find local suppliers for hydrogen fuel cell and electrolyser parts, he...
Asset manager the Public Investment Corporation (PIC) has initiated a search to identify and appoint a new CEO to succeed Abel Sithole, whose term will be coming to an end effective July 2025. The...
Auditing firm PwC says the first half of this year saw a measured uptick in dealmaking across the insurance industry, both globally and in South Africa However, despite the emergence of a turning...
The Land Bank Insurance Company (LBIC) will pilot index insurance in South Africa over the next two years, targeting smallholder producers, with the aim of providing affordable drought-risk...
The Department of Public Works and Infrastructure (DPWI), together with government agency Infrastructure South Africa (ISA), has opened a novel project preparation bid window to invite submissions...
Endeavor South Africa, which offers venture capital and mentoring support to domestic and African entrepreneurial enterprises, has marked the first close of its R500-million Harvest Fund III,...
The Township Retail Investment Summit (TRIS) 2024 event, held at Alex Mall, in Gauteng, highlighted the rising importance of township retail as a key driver for the country’s economic future....
The Orion Engineered Carbons (OEC) tank farm project, in Zone 7 of the Coega Special Economic Zone (CSEZ) in Gqeberha, in the Eastern Cape, has officially been unveiled. Trade, Industry and...
South Africa’s Cabinet formally endorsed development finance institution the African Development Bank (AfDB) senior VP Bajabulile Swazi Tshabalala as its nominee for the role of president of the...
United Arab Emirates (UAE) diversified natural resources company International Resources Holding (IRH) has signed a memorandum of understanding (MoU) with South Africa's State-owned Public...
The Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development has signed off on two financing agreements with Madagascar totalling $65-million to boost support for...
Following a meeting between Public Works and Infrastructure Minister Dean Macpherson and the Auditor-General of South Africa (AGSA) on September 25, the two parties have committed to working...
Infrastructure financier Africa Finance Corporation (AFC) has signed concession agreements with the governments of Angola and Zambia for the financing, construction, ownership and operation of the...
Changes to interest rates both locally and across key markets, coupled with positive political sentiment linked to the Government of National Unity, are enhancing foreign investor confidence in...
The CEO of the South African Aerospace, Maritime and Defence Industries association, Sandile Ndlovu, has called for the use of public-private partnerships (PPPs) to help fund defence projects in...
JPMorgan Chase CEO Jamie Dimon plans to travel to Africa in mid-October in a push by the biggest U.S. lender to expand on the continent, four sources familiar with the matter told Reuters, his...
Nedbank Corporate and Investment Banking (CIB) has announced a strategic partnership with DP World Trade Finance to address the working capital challenges faced by businesses across sub-Saharan...
Rand Merchant Bank (RMB) has provided transaction support to private equity firm Metier towards acquiring Mertech Marine. Through its Sustainable Capital Fund II, Metier is focused on investing...
JSE-listed investment holding company African Rainbow Capital (ARC) Investments increased its intrinsic net asset value (INAV) per share by 8.5% to R12.38 a share during its financial year to the...
Government is disproportionately reliant on the beer-making industry for excise duties, which accounted for 34.7% of total excise revenues in the 2023/24 financial year, JSE-listed beer maker South...
The BRICS Business Council has provided an update on its work thus far this year, reflecting on progress made and the challenges posed by the inclusion of Egypt, Ethiopia, Iran and the United Arab...
Despite economic challenges, South African businesses have remained resilient and innovative, panellists said during this year’s Inn8 Invest Summit, held on September 12. Noting an improved sense...
State-owned agricultural finance institution the Land Bank has concluded a debt restructuring solution with all its lenders, which will take effect on September 16, and effectively end its debt...
The competitive landscape for utility-scale renewable energy has significantly changed over the past decade, with developers driving more aggressive funding terms to remain competitive, says...
The International Finance Corporation (IFC), Proparco, the German Development Finance Institution (DEG) and the US International Development Finance Corporation (DFC) have announced a joint...
The Financial Sector Conduct Authority (FSCA) has approved amendments to the JSE’s listings requirements dealing with market segmentation, which will come into effect on September 23. The market...
Development finance institution the Development Bank of Southern Africa (DBSA) has, alongside the US International Development Finance Corporation (DFC), approved funding of up to $200-million...
While progressive reforms have been made to South Africa’s personal income tax (PIT) system since the advent of democracy, the potential to bolster this further with the aim of increasing revenue...
JSE-listed Murray & Roberts (M&R) has reached an agreement with a consortium of South African banks to repay R409-million in debt. The debt, which peaked at about R2-billion in April 2023, has been...
It is undeniable that aluminium is one of the most recyclable materials in circulation globally, with about 75% of the total 1.5-billion metric tonnes of aluminium generated to date still in use,...
MTN Group has appointed four nonexecutive directors to the boards of its MTN Group Fintech and Bayobab businesses. Appointed to the board of MTN Group Fintech is Herman Bosman as independent...
The City of Cape Town has secured R2.8-billion in infrastructure funding from the International Finance Corporation (IFC). Cape Town aims to spend R39.5-billion on infrastructure from July this...
To overcome gender-biased stereotypes and preconceptions in the workplace, concerted efforts to embrace diversity and inclusion should be a non-negotiable hallmark of corporate strategy, highlights...
Efforts to facilitate the greater participation of women in key sectors of the economy, such as the transport sector, are viewed with the utmost importance by women-led investment firm Identity...
As South Africa heads into a La Niña season, which brings about more rainstorms in the country, insurance provider Santam is revisiting its ratings for insurance related to the perils associated...
Green small business funding digital platform Hloolo aims to close the gap between the funding needs of green and sustainable small and medium-sized enterprises (SMEs) and green finance available...
Financial services firm Vista Group has completed its acquisition of 100% of Banco Société Générale Moçambique, which has eight branches and will be renamed Vista Bank Moçambique. The acquisition...
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For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...
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