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Afreximbank, CDB sign $400m loan to support SMEs
29th August 2023 By: Tasneem Bulbulia

State-owned development finance institution the China Development Bank (CDB) on August 29 signed a development-focused agreement to provide private banking company the African Export-Import Bank... 


An image of Dr Lova Marline from Madagascar
Jennifer Ward-Oppenheimer Research Grant shortlist announced
25th August 2023 By: Tasneem Bulbulia

The Jennifer Ward-Oppenheimer Research Grant has announced its shortlist of top five researchers for this year. To date, it has awarded $600 000 to researchers across Africa. 


IFC issues Zambian bond
25th August 2023 By: Tasneem Bulbulia

World Bank Group member the International Finance Corporation (IFC) has issued a 193.2-million Zambian kwacha bond – equivalent to about $10-million – to support the development of the country’s... 


A circular economy picture
2023 Mpumalanga green solutions pitch challenge calls for entries
24th August 2023 By: Tasneem Bulbulia

Nonprofit organisation the Mpumalanga Green Cluster Agency, supported by GreenCape in partnership with the UK Partnering for Accelerated Climate Transitions, or PACT, has invited innovators and... 


RH Managers to raise R2bn to boost social, energy infrastructure in South Africa
23rd August 2023 By: Tasneem Bulbulia

Johannesburg-based private equity and infrastructure investment firm RH Managers (RHM) is on a fundraising drive for a R2-billion social impact fund to boost South Africa’s healthcare and energy... 


Accelerate to sell Eden Meander centre in George to Sasol Pension Fund
23rd August 2023 By: Cameron Mackay

Diversified JSE-listed real estate investment trust Accelerate Property Fund has accepted an offer from the Sasol Pension Fund to acquire the Eden Meander Shopping Centre, with a gross lettable... 


residential rooftop solar
AWPower approved as MFC-financed residential solar provider
22nd August 2023 By: Darren Parker

Cape Town-based renewable energy solutions provider AWPower has been selected as an approved residential solar energy solutions provider for financial services provider Nedbank’s vehicle finance... 


Absa plays vital role in an infrastructure improvement transaction by Brics bank
22nd August 2023 By: Cameron Mackay

Infrastructure projects in South Africa have received a significant boost through a debut R1.5-billion debt issuance in the domestic market. The New Development Bank’s (NDB’s) bond issuance in... 


Standard Bank personal and private digital and ecommerce head Belinda Rathogwa
Banks have a role in encouraging mindful online behaviour
21st August 2023 By: Schalk Burger

Financial services organisations have an important role to play in informing and encouraging their clients to be vigilant when using digital platforms as fraud and cybersecurity risks continue to... 


An image of COP28 president-designate Dr Sultan Al Jaber
COP28 president-designate calls for climate finance delivery
18th August 2023 By: Tasneem Bulbulia

Addressing the nineteenth session of the African Ministerial Conference on the Environment (AMCEN) in Ethiopia, COP28 president-designate Dr Sultan Al Jaber has shared his vision and priorities for... 


Standard Bank
Standard Bank declares 690c interim dividend
17th August 2023 By: Marleny Arnoldi

Financial services provider Standard Bank has attributed its strong performance in the first half of the year, including a 35% growth in headline earnings, to its differentiated franchise and... 


Bigger targets needed to spur premium for South African projects
17th August 2023 By: Bloomberg

South African companies looking to issue green bonds or raise capital for climate-friendly projects have a better chance of getting preferential rates if they set ambitious targets that surpass... 


The Brics New Development Bank logo on a building
'Brics bank' issues first South African rand bonds
16th August 2023 By: Reuters

The development bank founded by the so-called Brics countries closed the auction for its first South African rand bonds on Tuesday, as it comes under pressure to boost its local currency... 


Founders Factory Africa secures $114m to support Africa tech ecosystem
15th August 2023 By: Marleny Arnoldi

Early-stage investment company Founders Factory Africa has secured an additional $114-million in funding to scale its model to better serve founders across the African technology ecosystem. The... 


FNB CEO Jacques Celliers
FNB to roll out solar power systems to 100 branches
7th August 2023 By: Schalk Burger

Financial services provider FNB will install solar power systems at 100 of its branches across the country to prevent downtime during times of loadshedding, while also mitigating the environmental... 


African venture capital investments fell by 43% in H1
4th August 2023 By: Darren Parker

Venture capital investments in Africa fell by 43% year-on-year in the first half of this year according to a report published by venture capital body AVCA – the African Private Capital Association.... 


DBSA announces record R5.2bn full-year profit
3rd August 2023 By: Darren Parker

The Development Bank of Southern Africa (DBSA) has announced its highest ever profit of about R5.2-billion for the 2022/23 financial year. The development finance institution (DFI) says its... 


Woman watering money
Research institute explains why SA’s Green Finance Taxonomy is not being used
3rd August 2023 By: Marleny Arnoldi

In the year since its release, the South African Green Finance Taxonomy (GFT) is hardly being used, despite its intention to provide a common language on financial markets, enhance transparency on... 


Amazon Web Services unveils fourth round of funding for black entrepreneurs
2nd August 2023 By: Darren Parker

In a bid to address the funding gap faced by historically disadvantaged person (HDP) entrepreneurs in South Africa, Amazon Web Services (AWS) has unveiled the fourth round of its Equity Equivalent... 


An image of JSE group CEO Leila Fourie
JSE reports solid interim results
2nd August 2023 By: Tasneem Bulbulia

The JSE has reported year-on-year growth of 10% in its net profit after tax (NPAT) for the six months ended June 30 to R493-million. The stock exchange delivered solid growth in an uncertain... 


Novare's rooftop PV project is a proactive response to actively managing the industry's negative impacts and promoting sustainability
Novare invests in renewable energy to bolster pan-African sustainability drive
2nd August 2023 By: Cameron Mackay

Investment solutions company Novare, which has a substantial property portfolio in Africa, on August 1 announced a significant investment in rooftop photovoltaic (PV) panels as an eco-friendly and... 


RMB Corvest consortium invests in South Africa’s manufacturing sector
1st August 2023 By: Tasneem Bulbulia

Private equity business RMB Corvest has partnered with Umoya Capital Partners and Calibre Capital to obtain a minority share in original-equipment manufacturer M4A, which has capabilities in... 


An image showing a delivery
Absa PMI declines in July
1st August 2023 By: Tasneem Bulbulia

After what looks to have been a decent second quarter, at least in terms of quarterly growth momentum, the manufacturing sector had a setback at the start of the third quarter. This is the message... 


A solar photovoltaic panel
Westbrooke reaches R300m close on renewable energy investment fund
31st July 2023 By: Schalk Burger

South African investment management company Westbrooke Alternative Asset Management has successfully closed its R300-million inaugural tax-enhanced renewable energy alternatives investment... 


Infra Impact Mid-Market Infrastructure Fund 1 reaches final close of R2.15bn
28th July 2023 By: Schalk Burger

Specialised infrastructure and impact investment management firm Infra Impact Investment Managers has announced that its Infra Impact Mid-Market Infrastructure Fund 1 exceeded its fundraising... 


Naheem Ebrahim Essop appointed deputy pension funds adjudicator
28th July 2023 By: Cameron Mackay

Finance Minister Enoch Godongwana has appointed Naheem Ebrahim Essop as a deputy pension funds adjudicator. The appointment is for a term of three years and is effective from the date of assumption... 


Entrepreneurship competition relaunched to celebrate SMMEs
27th July 2023 By: Cameron Mackay

This year, with the post-pandemic relaunch of finance institution Business Partners’ Entrepreneur of the Year competition, the unyielding resilience of South African entrepreneurs will once again... 


IFC partners with Banking Association South Africa to boost climate finance
26th July 2023 By: Cameron Mackay

Development finance institution the International Finance Corporation (IFC) is joining forces with local body the Banking Association South Africa (BASA) to help increase climate finance in the... 


BankservAfrica index shows slight relief for take-home pay in June
26th July 2023 By: Tasneem Bulbulia

Despite the tough economic conditions, the average nominal take-home pay, tracked in financial payments partner BankservAfrica’s Take-home Pay Index (BTPI), showed a marginal uptick in June, adding... 


DTIC aims to improve awareness on AfCFTA through outreach programme
25th July 2023 By: Darren Parker

The Department of Trade, Industry and Competition (DTIC) has embarked on provincial outreach and awareness workshops in collaboration with provincial governments, wherein it hopes to have engaged... 


IFC investment in Metier to boost growth of mid-market companies in sub-Saharan Africa
24th July 2023 By: Cameron Mackay

To support the growth of mid-market companies in sub–Saharan Africa, World Bank Group subsidiary the International Finance Corporation (IFC) on July 24 announced an equity investment of $25-million... 


RMB arranges R4.5bn sustainability-linked debt facility for Pick n Pay
21st July 2023 By: Marleny Arnoldi

Financial services provider Rand Merchant Bank (RMB) has partnered with retailer Pick n Pay on its inaugural sustainability-linked loan of R4.5-billion. RMB, as the sole mandated lead arranger,... 


IFC concludes first sustainable loan with South African bank
20th July 2023 By: Marleny Arnoldi

Financial services provider Standard Bank has successfully closed a $250-million sustainable seven-year term loan with the International Finance Corporation (IFC). The funding will be allocated... 


Vantage Capital invests $25m in Aquasantec
20th July 2023 By: Darren Parker

Large-scale mezzanine debt fund manager Vantage Capital has made a $25-million investment into water tanks, pipes and related products manufacturer and distributor Aquasantec International, which... 


An image showing Chery cars, branding, and Absa branding at a partnership launch in Johannesburg
Chery, Absa and Innovation Group launch extended insurance offering
18th July 2023 By: Tasneem Bulbulia

Vehicle manufacturer Chery, banking and financial services provider Absa and insurance technology platform provider the Innovation Group on July 17 officially launched an insurance partnership that... 


EIB pledges $40m to support Acre’s climate infrastructure fund
17th July 2023 By: Darren Parker

The European Investment Bank (EIB) has pledged $40-million to support Acre Impact Capital's private debt fund, aimed at accelerating climate infrastructure investment throughout Africa.  The... 


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