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Banks fall dangerously short on pledges in new net-zero study
8th November 2022 By: Bloomberg

Most banks that have published net-zero emissions targets are failing to live up to those commitments, according to a fresh study by ShareAction. The majority of the 43 largest financiers of fossil... 


V&A Waterfront, RMB partner on R1bn syndicated green loan
7th November 2022 By: Tasneem Bulbulia

Financial company RMB has partnered with Cape Town retail, commercial and lifestyle precinct V&A Waterfront (V&A), jointly held by Growthpoint and Government Employees Pension Fund as the... 


Outa questions Sanral’s claims of R43bn in GFIP debt
4th November 2022 By: Darren Parker

Nonprofit Organisation Against Tax Abuse (Outa) has called into question the truthfulness and accuracy of the South African National Roads Agency Limited’s (Sanral’s) claim on October 26 that... 


A woman holding a tablet wearing glasses working with a man looking at the tablet, in a warehouse environment
Company successfully moves stock without interruptions
4th November 2022 By: Halima Frost

Outsourced solutions provider Programmed Process Outsourcing (PPO) moved more than 600 000 stock items to a new warehouse facility for a client in September while maintaining full sales capacity... 


Solar provider gets RMB Corvest’s backing as a strategic partner
2nd November 2022 By: Donna Slater

Private equity firm RMB Corvest has invested in Sedgeley Solar Energy Namibia (Sedgeley Energy) as a strategic partner to enable Sedgley Solar to capitalise further on rooftop solar photovoltaic... 


JSE prioritising amendments to listing requirements
27th October 2022 By: Tasneem Bulbulia

The JSE is prioritising several amendments to its listing requirements and debt listing requirements.  This follows the release, in May, of a consultation paper, requesting stakeholders to comment... 


IFC, FMO invest in United Exports to strengthen South Africa’s blueberry sector
27th October 2022 By: Tasneem Bulbulia

Global development institution the International Finance Corporation (IFC) and Dutch entrepreneurial development bank FMO have partnered to provide funding and advisory support to global... 


Currency depreciations risk intensifying global food, energy crisis – World Bank report
26th October 2022 By: Tasneem Bulbulia

The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, the World... 


Godongwana appoints permanent chief ombud in newly established Ombud Council
21st October 2022 By: Marleny Arnoldi

Finance Minister Enoch Godongwana has appointed Leanne Jackson chief ombud of the Ombud Council, for a period of five years from November 1. The Ombud Council, which was established in May last... 


Nedbank secures $350m sustainability-linked syndicated loan facility
20th October 2022 By: Schalk Burger

Financial services company Nedbank, through its London branch, has signed and closed a $350-million sustainability-linked syndicated term loan facility, with a margin contingent on the company’s... 


BII relaunches in South Africa with pledge to support clean energy, inclusive growth
20th October 2022 By: Schalk Burger

UK development finance institution British International Investment (BII) has launched under its new name in South Africa and has reaffirmed its commitment to invest to accelerate South Africa’s... 


Land Bank performance improving, but liability solution crucial – Masondo
19th October 2022 By: Tasneem Bulbulia

The last three years have been challenging for both government and the Land Bank and, although there have been improvements in performance under the leadership of the new board, it is important... 


IFC appoints Madalo Minofu as Ethiopia, Malawi and Zambia country manager
19th October 2022 By: Schalk Burger

Development finance institution the International Finance Corporation (IFC) has appointed Madalo Minofu as country manager for Ethiopia, Malawi and Zambia to strengthen the role of the private... 


A photo depicting carbon emitting industries
Carbon credit financing solution developed to unlock energy, sustainability project investments
19th October 2022 By: Schalk Burger

Impact investment company Impact Investment Group and small, medium-sized and microenterprise (SMME) manufacturing investment company Seed10X have launched a service offering for Africa to unlock... 


Adaptation finance increasing, report finds
19th October 2022 By: Tasneem Bulbulia

Climate finance committed by major multilateral development banks (MDBs) rose in 2021, with over $19-billion committed to climate change adaptation finance, according to the joint ‘Multilateral... 


Standard Bank arranges sustainability-linked debt facility for Grit
19th October 2022 By: Tasneem Bulbulia

Finance institution Standard Bank has successfully syndicated a multimillion-dollar sustainability-linked debt refinancing facility for LSE- and Stock Exchange of Mauritius-listed Grit Real Estate... 


Standard Bank to exceed 2022 green financing target
19th October 2022 By: Reuters

Standard Bank will exceed its green financing target of R50-billion this year, as South Africa's scrapping of regulations on self-generated renewable energy projects has spurred a rush for... 


IFWG fintech regulatory sandbox opens for applications
14th October 2022 By: Schalk Burger

The South African Intergovernmental Fintech Working Group (IFWG) is opening its regulatory sandbox (RSB), launched in April 2020, for applications from industry following the introduction of a new... 


AfDB approves $75m facility to enhance African trade financing
14th October 2022 By: Schalk Burger

Development finance institution the African Development Bank (AfDB) has approved an unfunded $75-million trade finance Risk Participation Agreement (RPA) facility for financial services firm... 


BII launches African Climate Conversation advocacy platform
13th October 2022 By: Tasneem Bulbulia

British International Investment (BII), the UK’s development finance institution and impact investor, on October 13 announced the launch of an online platform, the African Climate Conversation.... 


South African savings growth reached a record in 2021, but outlook bleaker
12th October 2022 By: Tasneem Bulbulia

For the third year in a row, global financial assets grew by double-digits in 2021, reaching €233-trillion, the ‘Allianz Global Wealth Report 2022’ shows. The report indicates that, in retrospect,... 


RMB steps in with funding platform in absence of Land Bank’s service
10th October 2022 By: Marleny Arnoldi

Financial services provider Rand Merchant Bank (RMB) has launched a first-of-its-kind Agri Harvest Funding platform, which will facilitate funding for the agricultural sector to ensure sustainable... 


Refinements to R&D tax incentive open for public comment
7th October 2022 By: Tasneem Bulbulia

The draft refinements and accompanying explanatory memorandum to the research and development (R&D) tax incentive (in terms of Section 11D of the Income Tax Act) for potential inclusion in the 2023... 


Afreximbank launches academy to train Africans on trade-related subjects
7th October 2022 By: Tasneem Bulbulia

Pan-African multilateral financial institution the African Export-Import Bank (Afreximbank) has launched the Afreximbank Academy (Afracad) – a learning, knowledge and networking hub designed to... 


Thabo Legwaila appointed acting Tax Ombud for three months
7th October 2022 By: Tasneem Bulbulia

Finance Minister Enoch Godongwana has designated Professor Thabo Legwaila as acting Tax Ombud, for a period of three months, effective from October 6 to January 5, 2023. Legwaila is currently the... 


Q2 household financial resilience retreats marginally, but comparative decline concerning
6th October 2022 By: Tasneem Bulbulia

After remaining stable at a new record high for three successive quarters, the latest Altron FinTech Household Resilience Index (AFHRI) took a slight dip in the second quarter, both in terms of its... 


township
R300m SMME Crisis Partnership Fund to assist township businesses
5th October 2022 By: Darren Parker

To support small-, medium-sized and microenterprises (SMMEs) in Gauteng’s townships, the Gauteng Provincial Government (GPG), the Industrial Development Corporation (IDC) and the South African SME... 


Remgro’s full-year headline earnings recover to above pre-pandemic levels
27th September 2022 By: Tasneem Bulbulia

Investment holding company Remgro recorded a strong financial year ended June 30, despite headwinds that the company says can be regarded as extreme events, which disrupted the global and local... 


SAR CEO Dr Sifiso Falala
Africa’s first credit ratings agency launched
26th September 2022 By: Marleny Arnoldi

A group of entrepreneurs on September 23 launched Africa’s first credit ratings agency, Sovereign Africa Ratings (SAR), based in Centurion. The agency also published its first credit rating... 


IEA launches Cost of Capital Observatory to improve borrowing costs transparency
23rd September 2022 By: Schalk Burger

Intergovernmental organisation the International Energy Agency (IEA) and several partners have launched a new tool, the Cost of Capital Observatory, to track financing costs for energy projects... 


Post-pandemic resurgence holds opportunities, challenges for different industries
22nd September 2022 By: Tasneem Bulbulia

As the world is moving beyond the Covid-19 pandemic and lockdowns, a resurgence is occurring, with higher levels of consumption and trade in most sectors. This presents opportunities, but also... 


semiconductor
Vedanta signs MoUs for $22bn semiconductor manufacturing project in India
19th September 2022 By: Darren Parker

Indian mining investment company Vedanta has signed two memoranda of understanding (MoUs) with the Indian state of Gujarat to set up a semiconductor fabrication plant – commonly referred to as a... 


KPMG South Africa CEO Ignatius Sehoole has been appointed as the chairperson of KPMG Africa
Ignatius Sehoole appointed KPMG Africa chairperson
19th September 2022 By: Schalk Burger

Professional services firm KPMG South Africa CEO Ignatius Sehoole has been appointed as the chairperson of KPMG Africa and a member of the KPMG Global board, with effect from 1 October. “In this... 


BLSA CEO Busi Mavuso
Whistleblowers need more support in fight against corruption
19th September 2022 By: Darren Parker

Business Leadership South Africa (BLSA) CEO Busi Mavuso believes more support for whistleblowers is needed if South Africa is going to make any meaningful headway in the fight against corruption.... 


An image of Finance Minister Enoch Godongwana
Godongwana rallies financial services sector for climate resiliency efforts
15th September 2022 By: Donna Slater

In an address at the Government Employees Pension Fund’s yearly Thought Leadership Conference on September 15, Finance Minister Enoch Godongwana said the “winds of change” have started to blow... 


2022 signals a return to normal for Bidvest
5th September 2022 By: Darren Parker

Following the economic upsets caused by the pandemic and the ensuing lockdowns since 2020, services, trading and distribution group Bidvest has reported strong results for the financial year ended... 


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