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Finalists Announced for 5th annual Standard Bank Rising Star Awards

     28th June 2016 After receiving hundreds of entries and going through thousands of pages of nominations, motivations and verifications, the finalists for the 5th Annual Standard Bank Rising Star Awards have been announced! Over the past four years, these awards have been identifying, recognising and celebrating... 

Finalists Announced for 5th annual Standard Bank Rising Star Awards

     24th June 2016 After receiving hundreds of entries and going through thousands of pages of nominations, motivations and verifications, the finalists for the 5th Annual Standard Bank Rising Star Awards have been announced! Over the past four years, these awards have been identifying, recognising and celebrating... 

Chevron South Africa and Caltex with Techron® growing innovations within the fuel segment

     23rd June 2016 Ever conscious of the needs of motorists, the Caltex™ brand has reformulated its signature additive package with the addition of new Clean & Glide Technology™.   The new active ingredients are specifically formulated to clean and protect metal surfaces within the engine. This formulation is at... 

Rightsizing of African power projects will enable faster development

By: Liezille Vermeulen     22nd June 2016 The combination of a challenging business environment, liquidity constraints as well as a limited number of financially credible off-takers in many jurisdictions indicates that there may be a need for right-sizing some of Africa’s planned power projects 

Africa uniquely placed to develop a diverse and sustainable energy mix

     22nd June 2016 Africa is uniquely placed to build a sustainable, renewable energy matrix with immense potential, says Rentia van Tonder, Head: Power at Standard Bank.  “However, how quickly, efficiently and at what cost the continent builds this energy infrastructure will be influenced by sovereign wealth,... 

Peter Ireland

     17th June 2016 This week we feature Peter Andrew Ireland, CEO of Ithala SOC, a retail banking organisation 

PPC outlines plan for immediate liquidity squeeze as it works on rights issue 

By: Terence Creamer     14th June 2016 Embattled cement producer PPC is finalising a R3-billion to R4-billion capital raising plan in parallel with urgent efforts to bed down a R2-billion bridging guarantee facility to settle outstanding obligations to bondholders that come due on June 23. The JSE-listed group is facing serious... 

South Africa still pursuing banks on Oakbay accounts closures – mines minister

By: Reuters     3rd June 2016 The South African government will continue its efforts to resolve a stand-off between commercial banks and Oakbay Investments, the mines minister said on Friday. Several companies, including all four major banks in South Africa, severed links with Oakbay Investments following allegations that its... 

Bankmed chooses Melrose Arch for its new headquarters

     3rd June 2016 Melrose Arch, South Africa’s most sought-after business address, has welcomed leading, closed medical scheme, Bankmed to its high-profile precinct. Joining DuPont, Bidvest Group, Lonmin, Mastercard, Royal Bafokeng Holdings, Stanlib and Worley Parsons, Bankmed adds to the long list of corporate... 

Nedbank scoops African Retail Bank of the year award

     1st June 2016 Nedbank has been awarded the African Retail Bank of the year award at the 2016 Retail Banking Global Conference and Awards, held in London on 19 May. Nedbank emerged the winner among Ecobank, Standard Bank and Guaranty Trust who were shortlisted in the African Retail Bank of the year category.... 

African Infrastructure Leaders Discuss Innovation in Gauteng

     16th May 2016 Top-level executives and heads from Africa’s leading infrastructure and construction companies and institutions met to discuss strategies to foster industrialisation at a special event held in Johannesburg. The Captains of Construction annual leadership forum included delegates and special... 

Ministers did meet with banks over Guptas, concedes Oliphant

By: News24Wire      11th May 2016 Labour Minister Mildred Oliphant conceded on Tuesday that a meeting between cabinet ministers and South Africa’s four banks had taken place. However, she didn’t want to provide further details, as the ministers were still to report back to cabinet on what had transpired. Oliphant responded to a... 

Transport sector under financial strain as costs surge

By: Irma Venter     6th May 2016 A 30c/l increase in the fuel levy, another rise in interest rates and new consignor/consignee legislation will all load more costs onto a transport industry that is already struggling to remain profitable, says Standard Bank business vehicle and asset finance head Toni Fritz. Operators competing... 

Emira expands its retail footprint and upgrades its centres

     5th May 2016 Emira Property Fund continues to grow value in its retail property portfolio, investing over R250 million in acquiring new centres and upgrading its shopping centres. The leading JSE-listed REIT (real estate investment trust) is already reaping the rewards of its investment in retail properties... 

Off-grid solutions becoming an important consideration in the power sector

     28th April 2016 South Africa is currently one of the most attractive destinations for power project developers, sponsors and energy players seeking investment opportunities to support and grow power projects.  One of the key drivers for any power sector player remains an enabling environment with long term... 

Home Affairs aspires to expand e-services, online document applications

By: Mia Breytenbach     22nd April 2016 While the new service of applying online for SmartID cards and passports through the eHome Affairs portal and at major banks in Gauteng will initially cater for people aged between 30 and 35, the Department of Home Affairs (DHA) hopes to extend the system to other age categories and more centres... 

Govt to intervene as Oakbay attempts to restore bank accounts

By: Natasha Odendaal     21st April 2016 Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe has insisted that, despite the appointment of three Ministers to engage the banks that cut ties with private Gupta-linked Oakbay Investments amid allegations of State capture, government was not interfering in matters... 

Guptas' staff appeal to banks to save their Oakbay jobs 

By: News24Wire      20th April 2016 About 7 500 employees at Oakbay Investments will lose their jobs at the end of May if the Gupta-owned company’s bank accounts remain closed, staff at the company wrote in an open letter to banks on Wednesday. In a letter addressed to Barclays Africa CEO Maria Ramos, FNB CEO Jacques Celliers,... 

Standard Bank and Vumatel accelerate delivery of high-speed fibre to South African suburbs

     19th April 2016 Standard Bank and Vumatel have signed a significant finance deal on 19 April 2016, which will provide Vumatel with the financial resources required to speed-up the delivery of broadband internet services and expand into new markets within South Africa.  The deal, likely to be one of the largest... 

Standard Bank, Vumatel accelerate delivery of high-speed fibre

By: Creamer Media Reporter      19th April 2016 Telecommunications firm Vumatel on Tuesday signed a “significant” finance deal with Standard Bank, giving it the financial resources to speed up the delivery of broadband Internet services and expand into new markets within South Africa.  Standard Bank was the lead financier of Vumatel’s bid to... 

Banks obliged to ensure that clients abide by the law, says Basa

By: Samantha Herbst     14th April 2016 In an attempt to clarify ongoing speculation following Standard Bank and Nedbank’s move last week to sever ties with the Gupta-linked Oakbay Resources, the Banking Association of South Africa (Basa) on Thursday released a statement to account for the regulatory considerations that all banks... 

Thousands apply for IDs and passports online – Home Affairs

By: African News Agency      14th April 2016 Thousands of people have applied for smart ID cards and passports online, following the inception of the eHomeAffairs portal in conjunction with major banks, Home Affairs director-general Mkuseli Apleni said on Wednesday. “Since the inception of eHomeAffairs last week, 4,088 citizens have... 

Cost increases set to delay new truck acquisitions

By: Irma Venter     8th April 2016 A 30c/l increase in the fuel levy, another rise in interest rates and new consignor/consignee legislation will all load more costs onto a transport industry that is already struggling to remain profitable, says Standard Bank business vehicle and asset finance head Toni Fritz. Operators competing... 

Zim probes Rio Tinto’s Murowa share disposal

By: News24Wire      8th April 2016 Zimbabwe is probing Rio Tinto’s disposal of its stake in two mines in Zimbabwe, charging that disposed shares were held offshore, hence the justification to investigate them and determine if due procedure was followed. Rio Tinto disposed of its 78% stake in the Murowa diamond mine and also sold... 

SA govt launches online service for SmartID, passport application 

By: Mia Breytenbach     7th April 2016 The South African government, in collaboration with the South African banking sector, on Thursday launched the Department of Home Affairs- (DHA-) facilitated eChannel pilot project, enabling South African citizens to apply for passports or SmartID cards online. The collaboration was facilitated... 

The Mozambique Mining, Oil and Gas and Energy 2016 event gains momentum

     4th April 2016 Interest in the fifth bi-annual international strategic conference on Mozambique Mining, Oil & Gas, and Energy sector (MMEC) is growing at a rapid rate.  

SA is Africa's hub of private banking – report

By: News24Wire      21st March 2016 South Africa is the hub of private banking in Africa with holdings worth about $72bn, according to a recent report. A Research and Markets report entitled The Africa 2016 Wealth Report identifies South Africa - mainly Johannesburg - as the continent's biggest centre for private banking. The... 

Amakhala Emoyeni wind energy facility, South Africa

By: Sheila Barradas     18th March 2016 Lifting, transporting, installing and ballasting solutions provider ALE has completed the delivery of 560 wind-turbine generator components for the Amakhala Emoyeni project. 

Chris Hart: Nothing can prevent SA's slide to junk  

By: News24Wire      16th March 2016 South Africa needs to be an extremely favourable investment destination if it wants to rescue the ailing economy and prevent it from reaching junk status, according to Chris Hart. A downgrade is likely on the cards for South Africa, said Hart, who was embroiled in a Twitter row and subsequently... 

Chris Hart breaks his silence on controversial tweet

By: News24Wire      16th March 2016 Chris Hart has responded in 10 tweets following his resignation from Standard Bank amid a disciplinary hearing against him over a tweet deemed to be racist. Standard Bank said in an emailed response to Fin24 that Hart resigned as an Investment Strategist at Standard Bank Wealth and Investment. 

Africa M&A remains buoyant, says Standard Bank

By: Anine Kilian     11th March 2016 Africa’s mergers and acquisitions (M&A) landscape remains buoyant, says Standard Bank, which expects to see more opportunities than ever before in 2016.   The bank noted this week that global M&A activity had been very high in 2015, almost eclipsing the previous record levels set in 2007. The... 

Hedging policies important for business

By: Anine Kilian     3rd March 2016 A major challenge hedge fund managers face when working with clients is that people believe they can predict what the currency forecast would be, which is difficult owing to the unpredictability of exchange rates, Standard Bank Foreign Exchange and Money Market sales manager Eric Freemantle said... 

Green Building Council confirms its leaders and grows its board

     1st March 2016 Green Building Council South Africa, which promotes green building development in the country, has re-elected Seana Nkhahle as its non-executive chairman and Rudolf Pienaar as non-executive deputy chairman for a second term. They will continue as key role-players on the board of one of the most... 

Uniting against junk

By: Terence Creamer     19th February 2016 Staving off a downgrade to junk has emerged as the undisputed priority for government ahead of the 2016 Budget. There is, at last, an acute appreciation that the country’s serious loss of institutional credibility – following the calamitous events of December, together with a material slippage in... 

4th Annual Renewables & Energy Forum Southern Africa Conference

     9th February 2016 DLO Energy Resources Events (Pty) Ltd presents the 4TH annual Renewables and Energy Forum Southern Africa Conferencetaking place on the 10th and 11th of May 2016 at the Johannesburg Stock Exchange in Sandton. The REFSA Conference is one of the leading energy events in South Africa attracting... 

Busy new Tugela Ferry Mall and Jozini Shopping Centre in KZN secure more top retailers

     2nd February 2016 The new multi-million rand Tugela Ferry Mall and Jozini Shopping Centre in rural KwaZulu-Natal has been trading very well since opening and both have had an excellent festive season. That’s the word from Gavin Tagg, CEO of Retail Network Services - the leading full-service specialist retail... 

Sibanye concludes WCC due diligence, revised term sheet expected

By: Natasha Odendaal     2nd February 2016 A revised term sheet for Sibanye Gold’s proposed refinancing of Waterberg Coal Company (WCC) is expected to emerge after the gold producer completed its legal, technical and financial due diligence. WCC on Tuesday said in a quarterly update that Sibanye remained “desirous” of the deal; however,... 

Agribusinesses becomes more attractive investment asset class 

By: Tracy Hancock     28th January 2016 Agriculture was becoming a preferred investment destination, said financial services group Standard Bank secondary agriculture senior manager Bertie Hamman this week. “By investing in agriculture, you lay the cornerstone of all economic and social upliftment initiatives by helping to ensure that... 

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