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An image of SA Home Loans CEO Rob Kelso and COO Zakheni Dlamini
SA Home Loans bullish about future, despite 2023 headwinds
Updated 2 hours 56 minutes ago By: Tasneem Bulbulia

As it celebrates its twenty-fifth birthday this week, mortgage finance company and mortgage insurance provider SA Home Loans is optimistic that, despite considerable challenges for consumers and... 

An image of the European Investment Bank's headquaters
Equity facility to facilitate innovation
23rd February 2024 By: Nadine Ramdass

The newly launched Defence Equity Facility (DEF) aims to bolster private equity and venture capital funds in European companies that are developing innovative technologies with dual-use components,... 

Nedbank CIB funds first Reit in Ghana
15th February 2024 By: Tasneem Bulbulia

Nedbank Corporate and Investment Banking’s (CIB’s) Property Finance division has funded the first real estate investment trust (Reit) in Ghana. The CIB Property Finance team on February 15... 

Financial sector to use AI solutions to counteract sophisticated fraud strategies – SAS
15th February 2024 By: Schalk Burger

The challenge of fighting financial crime has become more complex and multifaceted, and the financial services sector will employ artificial intelligence (AI) solutions to counteract sophisticated... 

AFC chairperson Emeka Emuwa
AFC appoints Emeka Emuwa as chairperson
15th February 2024 By: Schalk Burger

Multilateral infrastructure finance institution Africa Finance Corporation (AFC) has appointed Emeka Emuwa as its chairperson to oversee and guide the AFC on its future strategy and growth... 

AfDB commits $10m to green infrastructure development fund
14th February 2024 By: Schalk Burger

Development finance institution the African Development Bank (AfDB) Group has approved $10-million in funding for the Alliance for Green Infrastructure in Africa – Project Development (AGIA-PD)... 

US grants $11m to environmental insurance efforts in Africa
13th February 2024 By: Marleny Arnoldi

African Risk Capacity (ARC) has entered into a landmark $11.7-million partnership with the US government to increase access to parametric insurance in Africa. This will help to safeguard food... 

Opec Fund extends $30m loan to Uganda to upgrade rural road
9th February 2024 By: Schalk Burger

The Organisation of the Petroleum Exporting Countries (Opec) Fund for International Development is extending a $30-million loan to support the development of a key transportation link in Uganda.... 

JSE Clear accepts securities as collateral against open derivative positions
8th February 2024 By: Schalk Burger

The JSE's independent clearing house JSE Clear has introduced a new service to accept securities as collateral against open JSE derivative positions. Previously, only cash was accepted as... 

petrol pumps
Petrol, diesel prices to go up by more than 70c/ℓ on Wednesday
6th February 2024 By: Darren Parker

Both 93 and 95 unleaded petrol (ULP) and lead replacement petrol (LRP) are going to cost an additional 75c/ℓ from February 7. The cost of diesel is also going to increase. For 0.05% sulphur diesel,... 

Sanlam to buy South African insurer Assupol in R6.5bn deal
2nd February 2024 By: Bloomberg

Sanlam, South Africa’s biggest insurer by market value, is buying smaller rival Assupol Life for R6.5-billion to help cement its footprint at home. The proposed transaction will see the... 

RMB, World Bank's MIGA to extend short-term trade funding for Côte d'Ivoire
29th January 2024 By: Schalk Burger

Financial services group Rand Merchant Bank (RMB) has partnered with the World Bank's Multilateral Investment Guarantee Agency (MIGA) to extend short-term funding support on a trade-backed facility... 

An image of ​​​​​​​Minister of Health Dr Joe Phaahla 
Germany’s KfW donates equipment to South Africa’s public healthcare system
24th January 2024 By: Tasneem Bulbulia

Minister of Health Dr Joe Phaahla will, on January 25, preside over an official handover ceremony of mobile health clinics, cold chain and information technology equipment from the German... 

WEF logo
South African delegation to Davos says it used opportunity to punt investment potential
22nd January 2024 By: Darren Parker

South Africa’s delegation to the World Economic Forum’s (WEF’s) yearly meeting in Davos, Switzerland, from January 15 to 19, led by Finance Minister Enoch Godongwana, has said it used the platform... 

RMB, Clairfield International announce formal partnership
22nd January 2024 By: Tasneem Bulbulia

Europe-based global corporate finance partnership Clairfield International and FirstRand Bank division Rand Merchant Bank (RMB), have formally agreed to partner, marking both firms’ commitment to... 

Standard Bank sees rapid growth in solar finance offering
18th January 2024 By: Marleny Arnoldi

Financial services provider Standard Bank foresees continued massive demand for solar and energy-related products this year, after seeing a 400% growth in demand for LookSee’s solar installation... 

African Guarantee Fund, Vista Group to boost SME financing in West Africa
17th January 2024 By: Schalk Burger

Specialised guarantee provider African Guarantee Fund (AGF) and financial services firm Vista Group have signed a partnership agreement to accelerate access to finance for small and medium-sized... 

TymeBank reaches profitability within first five years
16th January 2024 By: Schalk Burger

Financial services firm TymeBank reached its first month of profitability in December 2023, less than five years since launching in February 2019. “We are proud of our achievement, particularly... 

EAIF completes $294m debt raise for African infrastructure
15th January 2024 By: Tasneem Bulbulia

Private Infrastructure Development Group (PIDG) company the Emerging Africa Infrastructure Fund (EAIF) has raised $294-million of additional debt facilities, achieving over half of its target to... 

RMB invests in KOKO to expand clean energy for cooking in Africa
12th January 2024 By: Tasneem Bulbulia

Corporate and investment bank Rand Merchant Bank (RMB) has announced a strategic partnership with climate technology company KOKO, where it has acted as the lead mandated arranger and financier for... 

Commission studying Appeal Court judgment for next course of action
11th January 2024 By: Schalk Burger

The Competition Commission is studying the Competition Appeal Court (CAC) judgment, handed down on January 8, and is consulting its legal team before deciding on the next course of action. The CAC... 

Ninety One SA reduces shareholding in Murray & Roberts to below 5%
8th January 2024 By: Tasneem Bulbulia

Ninety One SA has disposed of an interest in the ordinary shares of JSE-listed Murray & Roberts, resulting in its shareholding in the company decreasing to 4.286%. Murray & Roberts Holdings is a... 

The Durban Container Terminal
Absa PMI ends 2023 on stronger footing as December business activity rises
8th January 2024 By: Darren Parker

Financial institution Absa’s Purchasing Managers’ Index (PMI) closed out 2023 on a somewhat stronger footing, rising by 2.7 points to 50.9 index points in December.  Absa said on January 8 that... 

African Development Bank to withdraw international staff from Ethiopia – sources
20th December 2023 By: Reuters

The African Development Bank (AfDB) will withdraw its international employees from Ethiopia following what it said was an assault on its staff members by government security forces, two sources... 

DBSA, UCLG Africa establish African cities special purpose financing vehicle
14th December 2023 By: Schalk Burger

Development finance institution the Development Bank of Southern Africa (DBSA) and African local government organisation United Cities and Local Governments of Africa (UCLG Africa) have committed... 

World Bank makes $100m in financing available for African climate research
11th December 2023 By: Marleny Arnoldi

The World Bank will make $100-million available to the Consortium of International Agricultural Research Centres (CGIAR) through the bank’s International Development Association (IDA) as part of... 

Standard Bank signs $400m sustainability-linked syndicated term loan
11th December 2023 By: Darren Parker

Financial institution Standard Bank has successfully signed a $400-million sustainability-linked syndicated term loan. The facility, coordinated by the Industrial and Commercial Bank of China’s... 

Nedbank announces R10m Green Economy Fund
8th December 2023 By: Tasneem Bulbulia

At the Nedbank Green Indaba, held on November 30, Nedbank Corporate Social Investment executive head Poovi Pillay announced that the bank had set up its Green Economy Fund with initial capital of... 

BankservAfrica to handle UnionPay International's local card processing, service channels
7th December 2023 By: Schalk Burger

Card payments company UnionPay International has appointed automated clearing house BankservAfrica as the domestic processor for all of UnionPay's card issuing and acquiring services across its... 

An image showing the signing of a joint development agreement between the IDC and ACWA
IDC, ACWA Power sign R20bn deal to boost energy security in South Africa
7th December 2023 By: Tasneem Bulbulia

South African development funder the Industrial Development Corporation (IDC) and Saudi Arabia-based electric power generation company ACWA Power Company signed a joint development agreement term... 

AfDB grants $33m to Mozambique to improve grid
6th December 2023 By: Tasneem Bulbulia

The African Development Bank (AfDB) Group approved a grant of $33.25-million to Mozambique to implement the Songo-Matambo electricity transport line project, during a meeting in Abidjan on December... 

Mastercard Southern Africa country manager Gabriel Swanepoel, Bidvest Financial Services CEO Hannah Sadiki and Bidvest Bank CFO Tendani Sikhwivhilu
Bidvest Bank, Mastercard team up to provide international remittance service
4th December 2023 By: Darren Parker

Global payment technology company Mastercard has partnered with financial services provider Bidvest Bank to provide a solution called Bidvest Bank BidSend that allows customers to send... 

Momentum Investments Research Hive research strategist Professor Evan Gilbert
Momentum sponsors machine learning in finance research chair with Stellenbosch University
1st December 2023 By: Schalk Burger

Investment management company Momentum Investments has established the Momentum Investments Research Chair for research into machine learning (ML) in finance in conjunction with Stellenbosch... 

An image of the Eskom logo on flags
World Bank grants consent for legal separation of Eskom’s Transmission division
28th November 2023 By: Tasneem Bulbulia

State-owned utility Eskom announces that multilateral development bank the World Bank, a key strategic creditor of the entity, has granted its consent for the proposed legal separation of the... 

Invicta delivers strong interim performance
27th November 2023 By: Tasneem Bulbulia

Investment holding and management company Invicta Holdings achieved a robust performance for the six months ended September 30, with revenue having increased by 12% to R4.3-billion. The increase of... 

Shady bankers deal in front of standard bank logo
Standard Bank denies currency manipulation allegations
27th November 2023 By: Darren Parker

Financial services provider Standard Bank has denied manipulating the value of the rand and having any involvement in anticompetitive or criminal conduct, despite admitting fault before the... 

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Sector News


Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

Hannah Instruments
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

Sandvik Mining and Rock Solutions
Sandvik Mining and Rock Solutions

Sandvik offers a wide range of loaders and trucks for underground hard rock mining, all engineered for safety, productivity and reliability in the...


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Magazine round up | 23 February 2024
Magazine round up | 23 February 2024
23rd February 2024
An image of Dr Mehran Zarrebini posing in front of waste tires
Firm emphasises valorisation
23rd February 2024 By: Lumkile Nkomfe
Coal being transported to port
Mining tax revenue down by 50.4% y/y
21st February 2024 By: Darren Parker

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