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TymeBank to expand business banking offering with Retail Capital acquisition
3rd August 2022 By: Schalk Burger

Financial services firm TymeBank intends to acquire financial technology company Retail Capital for an undisclosed amount, investment management company African Rainbow Capital (ARC) Investments... 


Post Office reports healthy uptake of online car licence renewal facility
2nd August 2022 By: Darren Parker

The South African Post Office reports that there has been a “healthy” uptake of its online motor vehicle licence renewal facility, which was launched at the end of January.  More than 37 000... 


A new white VW Polo being driven through a scenic area
Volkswagen tops used-car sales survey
29th July 2022

According to a report carried out over six months by used car sales and buying service WeBuyCars, German motor vehicle manufacturer Volkswagen ranked as South Africa’s most sought-after used car... 


A vehicle in the manufacturing process hoisted up on a lift with a worker stood under the chassis
Q1 recovery exceeds expectations – industry body
29th July 2022

The National Association of Automobile Manufacturers of South Africa | The  Automotive Business Council (Naamsa) states in its ‘Quarterly review of business conditions: new motor vehicle... 


44 MW solar plant gets refinanced by shareholders
28th July 2022 By: Darren Parker

The Concentrator Photovoltaics Power Plant No.1 (CPV1), a 44 MW concentrated solar photovoltaic plant in the Western Cape, has successfully been refinanced by its shareholders Pele Green Energy... 


DFIs pledge support for African Infrastructure Investment Fund
27th July 2022 By: Donna Slater

Development finance institutions (DFIs) British International Investment (BII) and FMO on July 27 made a joint commitment to the African Infrastructure Investment Fund 4 (AIIF4), managed by African... 


Just Share says analysis shows Absa intends to continue financing fossil fuel projects
26th July 2022 By: Schalk Burger

Shareholder activist organisation Just Share has analysed financial services firm Absa’s recently published Coal Financing Standard and Oil and Gas Financing Standard, as well as Absa’s 2022... 


Logistics, fintech combine to address Africa’s transport challenges
26th July 2022 By: Darren Parker

Financial institution Standard Bank has attributed the success of its recent direct minority equity investment into technology-enabled logistics solution Tripplo to its ability as a large,... 


Banking sector continues to progress transformation target, report shows
26th July 2022 By: Tasneem Bulbulia

Banks continued to meet many of the empowerment and transformation targets set out in the Financial Sector Code (FSC), despite the severe economic contraction of 6.4% experienced in 2020, which... 


Basic income grant requires economic growth, BLSA outlines
25th July 2022 By: Tasneem Bulbulia

Business organisations Business Leadership South Africa (BLSA) and Business Unity South Africa (Busa) last week published a report, compiled by researchers Intellidex, investigating funding options... 


TymeBank appoints new C-suite executives to boost growth
21st July 2022 By: Schalk Burger

Digital financial services company TymeBank has appointed Yusuf Dockrat as CFO, Linda Appie as chief marketing officer and Bruce Paveley as chief technology officer (CTO), as it focuses on boosting... 


IFC, Alleyroads partner to develop affordable residential housing in South Africa
13th July 2022 By: Tasneem Bulbulia

To improve access to affordable, sustainable residential housing in South Africa, World Bank Group member the International Finance Corporation (IFC) has announced an investment to support South... 


Sanlam welcomes infrastructure investment Regulation 28, warns uncertainty persists at instrument level
13th July 2022 By: Schalk Burger

The gazetted amendments to Regulation 28 of the Pension Funds Act, which are set to take effect from January 3, 2023, have a broader definition of infrastructure than the first draft of the changes... 


IFC, CRDB investment to increase access for small businesses in Tanzania, Burundi
12th July 2022 By: Schalk Burger

Development finance institution the International Finance Corporation (IFC) is providing a $100-million loan to CRDB Bank Tanzania, half of which will be in local currency, and a $5-million loan to... 


Summit launches Foodtech programme to boost African food security
11th July 2022 By: Schalk Burger

In collaboration with early-stage venture capital fund Anza Capital, the SA Innovation Summit has launched The Foodtech Programme that offers promising South African food technology innovators and... 


BLSA CEO Busi Mavuso
Private sector’s role key in the just transition – BLSA
11th July 2022 By: Darren Parker

Business Leadership South Africa (BLSA) CEO Busi Mavuso has emphasised the important role the private sector has to play in the just energy transition in terms of investment in infrastructure for... 


Blockchain can provide infrastructure for financial inclusion in Africa – Standard Bank
7th July 2022 By: Schalk Burger

Given Africa's rapid commercial growth and globalisation over the past decade, innovation in financial technology (fintech), and particularly blockchain technology, can drive the improvement of... 


An image of National Treasury Financial Markets and Stability chief director Vukile Davidson, speaking during a webinar
Institute shares lessons learned on supporting SMEs through the pandemic
7th July 2022 By: Tasneem Bulbulia

There are a number of lessons and insights that were learned from supporting small and medium-sized enterprises (SMEs) during the pandemic, as well as what needs to be done to gear the country... 


Standard Bank appoints Margaret Nienaber COO
7th July 2022 By: Creamer Media Reporter

Financial services provider Standard Bank Group has appointed Margaret Nienaber, currently the group’s CE for Client Solutions, as COO, with immediate effect. As COO, she will be responsible for... 


Stronger private sector could boost growth, jobs in Botswana – report
6th July 2022 By: Tasneem Bulbulia

Botswana can transform its economy, create jobs, reduce inequality and achieve a resilient recovery from Covid-19 by increasing private sector participation and investment in its energy, water and... 


Endeavor Catalyst invests in eight local high-impact businesses
5th July 2022 By: Tasneem Bulbulia

Eight South African-founded businesses have secured investment from Endeavor Catalyst Fund. Endeavor Catalyst is a rules-based co-investment fund of Endeavor Global – the largest global community... 


Resilient South African businesses recovered from Covid fast, M&G says
4th July 2022 By: Bloomberg

The South African unit of M&G, the UK fund manager overseeing more than $390-billion in assets, sees opportunities in investing in the nation’s industrial and financial companies as earnings growth... 


A R193bn South African fixed-income manager plans startup fund
1st July 2022 By: Bloomberg

Futuregrowth Asset Management, a South African fixed-income money manager with R193-billion of assets, is raising a fund to invest in startups with a strong developmental impact. The company aims... 


An image of Sanral leadership
DBSA tasked with overseeing Sanral tender reappointment process
30th June 2022 By: Donna Slater

The South African National Roads Agency Limited (Sanral) has appointed the Development Bank of Southern Africa (DBSA) as an independent and lead adjudicating body after Sanral’s board in May... 


Satrix launches smart city infrastructure feeder ETF
28th June 2022 By: Darren Parker

South African index investment business Satrix, a division of Sanlam Investment Management, has announced that its new smart city infrastructure feeder exchange-traded fund (ETF) will offer... 


Motus secures R6.8bn in sustainability-linked finance from Standard Bank
28th June 2022 By: Schalk Burger

Automotive group Motus Holdings has secured a syndicated R6-billion sustainability-linked facility, facilitated by financial services firm Standard Bank, as well as an R800-million... 


Discovery to list on A2X
27th June 2022 By: Creamer Media Reporter

Financial services group Discovery has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from July 4. Discovery will retain its primary listing... 


Energy Catalyst Africa launches in South Africa to support energy technology development
27th June 2022 By: Schalk Burger

Energy technology innovation and funding network Innovate UK has launched the Energy Catalyst Africa programme in South Africa to support the development of energy technologies by providing early-... 


UK to guarantee $2bn of AfDB debt to boost climate fight
27th June 2022 By: Bloomberg

The UK has agreed to guarantee $2-billion of the debt the African Development Bank has extended to governments on the continent, allowing the lender to free up finance for climate-related projects.... 


hydropower
British International Investment commits $200m to hydropower in Africa
23rd June 2022 By: Darren Parker

UK development finance institution British International Investment (BII) has committed $200-million over the next several years to help fund hydropower projects in Africa. This would be the... 


hydropower
WWF report calls for insurers to block high-impact hydropower projects
22nd June 2022 By: Darren Parker

Nonprofit organisation the World Wide Fund for Nature (WWF) has released a comprehensive Insurers’ Guide to Hydropower, which calls for insurers to block high-impact hydropower projects, while... 


Solidarity Fund on track to close by September
21st June 2022 By: Tasneem Bulbulia

The Solidarity Fund, whose mandate was focused on a rapid response to the Covid-19 pandemic remains on track to close by September. The fund in March announced that it would wrap up its operations... 


Dr Patrice Motsepe
Motsepe Foundation, partners invest in projects to uplift farmers, communities
15th June 2022 By: Darren Parker

Nonprofit organisation the Motsepe Foundation has launched two large-scale agricultural and farming projects involving rural and traditional communities in Limpopo and Mpumalanga, in partnership... 


Positive perceptions of South Africa as an EU investment destination, but challenges remain
14th June 2022 By: Tasneem Bulbulia

There are positive perceptions from potential investors to South Africa, and continued interest among existing investors in the country, despite impacts such as the Covid-19 pandemic and the July... 


JSE headquarters in Sandton
JSE launches voluntary Sustainability, Climate Disclosure Guidances
14th June 2022 By: Marleny Arnoldi

The JSE on June 14 launched its own set of Sustainability Disclosure and Climate Disclosure Guidance documents, which combines relevant global standards on sustainability and climate change to suit... 


Treasury gazettes new VAT regulations for valuable metal vendors
14th June 2022 By: Darren Parker

The National Treasury this week gazetted the Regulations on Domestic Reverse Charge Relating to Valuable Metal, which is meant to serve as an anti-abuse measure aimed at foreclosing schemes and... 


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Environmental Assurance (Pty) Ltd.
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Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

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

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Actom

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