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