R/€ = 14.90
R/$ = 10.73
Au 1339.50 $/oz
Pt 1482.00 $/oz
Feb 26, 2014
The Department of Energy’s R9.7-billion independent power producer (IPP) peaking projects, Avon and Dedisa were last week named the winners of the Euromoney Project Finance Magazine’s Africa Power Deal of the Year for 2013 award. The financing for the IPP peaking...
Feb 13, 2014
After almost three years in the making, a recently ratified partnership between World Bank member the International Finance Corporation (IFC) and niche business bank Mercantile Bank has resulted in the establishment of a rental asset finance facility for South...
Jan 24, 2014
The State-owned Industrial Development Corporation has approved funding for five of the projects that qualified as preferred bidders in round three of the Department of Energy's Renewable Energy Independent Power Producer Procurement Programme.
Dec 13, 2013
Financial services provider Rand Merchant Bank is financing a concentrated solar power (CSP) project and a biomass project awarded in round three of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). “This is the first...
Dec 04, 2013
Rand Merchant Bank (RMB) has committed to jointly fund a $182-million A-grade office development in Lagos, Nigeria, which should be completed by March 2016. The Wings Oando Development, consisting of two high-rise office towers on Victoria Island, between Lagos...
Nov 29, 2013
An arbitration tribunal has ordered the Bombela Concession Company to undertake immediate remedial work on the Gautrain tunnel section between Johannesburg Park Station and Emergency Shaft 2 to halt the inflow of water into the tunnel.
Nov 19, 2013
After falling by four index points in the second quarter and by a further six points in the third quarter of the year, the Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) Business Confidence Index (BCI) “essentially flat-lined” in the final months of...
Nov 08, 2013
Australian firm Golden Rim Resources may bring in RMB Resources – which is part of South Africa’s Rand Merchant Bank – as a funding partner for its gold project in Burkina Faso. Golden Rim announced on Friday that it had signed an indicative term sheet with RMB...
Oct 25, 2013
Oct 04, 2013
Sep 30, 2013
The third quarter Rand Merchant Bank (RMB) Global Markets Research quarterly sector report highlights concerns for the performance of nearly all sectors of the South African economy in the current year. The report takes into account global and local economic...
Sep 06, 2013
The delay and disruption claim the Bombela consortium filed against the Gauteng government in August last year will only be resolved by 2016.
Sep 03, 2013
Business confidence moved further into negative territory in the third quarter, declining by six points quarter-on-quarter to 42, the latest Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) data shows. Close to three-fifths of respondents in the RMB/BER...
Aug 16, 2013
Light-emitting diode (LED) lighting solutions manufacturer LED Lighting South Africa (SA) will soon complete its supply of almost 7 000 light fittings and LED units for what will soon be Cape Town’s tallest skyscraper, the Portside building.
Aug 08, 2013
Technical expertise, extensive experience and the accumulation of intellectual property have contributed to the development of the Sandton Central Business District
Aug 02, 2013
A consortium, comprising Iberdrola Ingenriería and South African company Group Five, has been selected for the construction of the Jasper photovoltaic plant, in the Northern Cape.
Jul 29, 2013
Property loan stock group Delta Property Fund has completed its debut commercial paper issuance. The black-managed and substantially black-owned group indicated that its notes were issued off a newly established R2-billion Domestic Medium Term Note Programme that was...
Jul 16, 2013
In the biggest investment by an Indian company in South Africa, Mumbai-listed pharmaceutical group Cipla India will acquire 100% of South Africa’s Cipla Medpro for R5-billion. Merchant banker for the acquisition Rand Merchant Bank (RMB) said the acquisition would...
Jul 12, 2013
The Bombela Concession Company can double only one more train, operating in the mornings on the Pretoria–Johannesburg line, before it has provided all the rolling stock it has available.
Jun 12, 2013
Rand Merchant Bank (RMB) has lowered its 2013 economic growth forecast for South Africa to 1.9%, from 2.4%, as the country’s consumer spending slowed. Speaking at an international credit insurer Coface Country Risk conference, in Sandton, on Wednesday, RMB chief...
Jun 11, 2013
ASX-listed copper miner Tiger Resources has refuted speculation that the Democratic Republic of Congo’s (DRC’s) decision to ban copper and cobalt concentrate exports would affect its Kipoi project. The ban on copper and cobalt exports were expected to come into...
Jun 04, 2013
Business confidence moved back into negative territory during the second quarter, after confidence faltered in four of the five sectors surveyed in the latest Rand Merchant Bank (RMB) and Bureau for Economic Research (BER) Business Confidence Index (BCI). The RMB/BER...
May 23, 2013
Banks are seeing a boom in the corporate bonds market, as companies take advantage of “near-perfect” market conditions to fund future growth, refinance existing debt and diversify funding from banks, Rand Merchant Bank (RMB) said on Thursday. The financial...
May 21, 2013
Copper developer Tiger Resources was on the hunt for new capital after Nedbank Capital decided not to participate in an $80-million debt financing facility to partly fund the development of the Stage 2 solvent extraction and electrowinning plant at the Kipoi project,...
May 10, 2013
ABB has won an order estimated at $25-million to supply electrical and control systems for the Kathu plant.
May 09, 2013
Copper developer Tiger Resources on Thursday announced that FirstRand Bank was ready to move ahead with a $30-million bridging facility after the bank confirmed internal credit approval. The bridging facility was being jointly arranged by FirstRand Bank, through its...
May 06, 2013
SA Airways has postponed its bond issue in favour of borrowing R1.5-billion from two banks, it was reported on Monday. Chief financial officer Wolf Meyer told Business Day this was until the Cabinet adopted the airline's turnaround plans.
Apr 26, 2013
South African sugar producer TSB intends to undertake a feasibility study for a new sugar production base, in Mozambique, this year. The feasibility study is the result of the right granted by the Mozambican government to TSB and its local partners to develop a 37...
Apr 03, 2013
Business confidence in the first quarter of 2013 rose by six points, Rand Merchant Bank (RMB) and the Bureau for Economic Research (BER) reported on Wednesday. They said the RMB/BER Business Confidence Index increased to 52 in the first quarter of 2013 -- a level...
Mar 20, 2013
TSX- and Aim-listed Aureus Mining has secured a bank-mandated project debt finance facility of up to $100-million, together with an associated $8-million cost overrun facility, to support the development of its New Liberty gold project, in Liberia. The total cost of...
Feb 21, 2013
ASX- and JSE-listed Resource Generation (Resgen) on Thursday said construction activities at its $630-million Boikarabelo coal mine, in Limpopo, had started, in line with earlier announcements. Initial construction activities would encompass site infrastructure, road...
Feb 08, 2013
ASX-, LSE- and JSE-listed Aquarius Platinum (AQP) has appointed former Anglo American Platinum (Amplats) director Sonja de Bruyn Sebotsa to its board of directors with effect February 6. De Bruyn Sebotsa would also assume the role of chairperson of AQP’s local...
Feb 07, 2013
FirstRand investment banking division Rand Merchant Bank (RMB) officially opened RMB Nigeria in Lagos, Nigeria, following the granting of an investment banking licence by the Central Bank of Nigeria.
Feb 01, 2013
The arbitration case between Bombela and the Gautrain Management Agency is likely to take at least another two years.
Jan 25, 2013
ASX- and JSE-listed Resource Generation (Resgen) MD Paul Jury on Friday said the $20-million received through a debenture with Noble Resources would be used to start construction at its Boikarabelo coal project, in Limpopo, in February. In a report on the company’s...
Jan 24, 2013
The trading arm of Mohammed Enterprises Tanzania has secured a $100-million loan facility from a consortium of banking groups. Rand Merchant Bank (RMB) partnered with China Construction Bank, Citibank and Nedbank to originate, arrange and structure the deal.
Jan 10, 2013
International financial institution Africa Finance Corporation (AFC) further enhanced its medium-term Africa-focused funding programme on Thursday by completing a $50-million bilateral loan facility with Rand Merchant Bank (RMB).
Dec 14, 2012
Global renewable-energy company Building Energy expects to create 400 jobs during the 21 month construction period of its 81 MWp tracking solar photovoltaic (PV) plant in Kathu, in the Northern Cape. Construction on the project, which is one of the 28 preferred...
Nov 30, 2012
The project entails the construction of an 81 MW tracking solar photovoltaic plant.
Nov 20, 2012
Business confidence, as measured by the Rand Merchant Bank (RMB) and Bureau for Economic Research (BER) Business Confidence Index, was little changed in the fourth quarter, declining by one point to a level of 46. Sentiment improved among manufacturers, retailers,...