R/€ = 14.15
R/$ = 10.32
Au 1230.27 $/oz
Pt 1359.50 $/oz
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 29, 2013
In a significant show of support for South African renewable-energy projects, the European Union’s (EUs) long-term lending institution, the European Investment Bank (EIB), has agreed to provide €210-million, or R2.8-billion, for the construction of the Ka Xu...
Oct 29, 2013
The European Investment Bank has agreed to provide EUR 210 million (2.8 billion ZAR) for construction of the Ka Xu Solar One concentrated solar power plant north of Pofadder in the Northern Cape. This significant support will be provided through two South African...
Oct 25, 2013
The Gautrain Management Agency has proposed the development of seven new rapid rail routes along identified high-mobility corridors in Gauteng.
Oct 04, 2013
The Gautrain Management Agency is mulling the acquisition of 40 new Gautrain rail cars.
Sep 30, 2013
Sep 06, 2013
Sep 03, 2013
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,...
Nov 19, 2012
Professional services firm Deloitte has acquired mining services consultancy Venmyn to create a new technical and economic minerals advisory business. The deal has resulted in Deloitte acquiring 100% of the current Venmyn business for an undisclosed amount and...
Nov 13, 2012
Africa-focused Petra Diamonds secured new $244-million debt facilities, replacing its existing $136-million facility, in efforts to ensure “comfortable” expansion funding. The company entered into agreements with FirstRand Bank, through its Rand Merchant Bank...
Nov 08, 2012
The developers of the Kathu solar park, in the Northern Cape, expect to be on site before the end of November to begin the construction of an 81 MW tracking solar photovoltaic (PV) plant, which was among the 28 renewable-energy projects to sign power purchase and...
Oct 17, 2012
Western Cape Finance, Economic Development and Tourism Minister Alan Winde on Wednesday visited the construction site of what will soon be Cape Town’s tallest skyscaper, the Portside building, to highlight the return of the province’s construction sector to a...