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Financial News
Hulisani joins the JSE, leverages demand for energy assets 
By: David Oliveira 7th April 2016 Newly established renewable energy special-purpose acquisition (Spac) company Hulisani on Thursday listed on the main board of the Johannesburg Stock Exchange (JSE), taking advantage of investor demand for energy assets in South Africa and Africa. Hulisani CEO Mlungelo Zilimbola highlighted that... →
Labour dept to investigate death of employee at KZN company
By: Anine Kilian 5th April 2016 The Department of Labour (DoL) has launched an investigation into an incident at KatzStone Granite and Quartz, in Verulam, KwaZulu-Natal, which resulted in the death of one worker dead and the injury of three others. Details of the incident were scant and remained the subject of an investigation;... →
Land Bank offers drought-affected farmers relief measures
By: Mia Breytenbach 30th March 2016 State-owned specialist land and agricultural financial services provider Land Bank has called on farmers in drought-declared provinces to apply for concessional loans, raised by the bank from the Industrial Development Corporation (IDC), to help ease the effects of the drought and return to... →
FSB grants ZAR X stock exchange licence
30th March 2016 Financial services company ZAR X has been granted a stock exchange licence by the Financial Services Board (FSB), enabling the company to operate a mature, independent stock exchange and provide an alternative to companies that want to list their securities on a licensed exchange. “Investors... →
Investment bank Nomura to open SA branch
By: Anine Kilian 22nd March 2016 Asian investment bank Nomura would establish a permanent branch in South Africa, the group announced on Tuesday. Jan Newman, formerly of Newman Lowther & Associates, was appointed head of Nomura South Africa and head of investment banking in South Africa. Ben Lowther was appointed co-head of... →
New codes to catalyse transformation
By: Donna Slater 18th March 2016 Compliance with the new Broad-Based Black Economic-Empowerment (BBBEE) Codes of Good Practice needs to be widespread if further youth uprisings are to be averted, thereby enabling South Africa to build additional small and medium-sized enterprises (SMEs) and triggering transformation and growing... →
BBBEE CODES The biggest change in the new codes is a sub minimum of 40% compliance for all categories
Finance house assists with small business growth
By: Donna Slater 18th March 2016 Through financial services provider Sanlam’s enterprise and supplier development (ESD) programme, small and medium-sized enterprises (SMEs) have experienced an average of 19% growth in revenue in the past two years. →
Water technology company extends pumps rental hub
18th March 2016 Global water technology company Xylem in January announced the expansion of its pump rental and service portfolio across Europe and South Africa through a multimillion-euro investment. The company believes that this expansion initiative will enable it to better meet the market demand from... →
Fastjet adds new S Africa/Zimbabwe route despite financial squeeze 
By: Keith Campbell 8th March 2016 Embattled pan-African low cost carrier fastjet (as it styles itself) has announced on Tuesday it will start flying between Johannesburg, South Africa and Victoria Falls, Zimbabwe, on March 25. The twice-weekly route will be served with an Airbus A319 single-aisle airliner with a capacity of up to... →
An Airbus A319 of fastjet
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