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Capital Appreciation concludes acquisition of Dariel Solutions
4th July 2023 By: Cameron Mackay

Financial technology (fintech) group Capital Appreciation has completed the R131.2-million acquisition of Dariel Solutions, the parent company of South African information technology (IT) software... 


DBSA celebrates 40 years of development impact, regional integration
3rd July 2023 By: Schalk Burger

Development finance institution the Development Bank of Southern Africa is celebrating 40 years of delivering progress through critical infrastructure that transforms livelihoods, while sustaining... 


The AfDB's investment will help increase pharmaceutical production in Africa
AfDB commits $11m to BluePeak to provide capital to mid-sized enterprises
3rd July 2023 By: Schalk Burger

Development finance institution the African Development Bank (AfDB) has approved an $11-million equity investment in BluePeak Private Capital Fund toward its $155-million target for final close.... 


Yanga Mputa appointed Tax Ombud
3rd July 2023 By: Tasneem Bulbulia

Finance Minister Enoch Godongwana has appointed Yanga Mputa as the Tax Ombud, effective from July 1. Mputa becomes South Africa’s first female Tax Ombud. The appointment is for a period of five years. 


Hudaco CEO Graham Dunford
Hudaco reports strong interim result despite difficult market conditions
30th June 2023 By: Darren Parker

JSE-listed industrial products supplier Hudaco Industries has reported a strong performance amid a challenging six months ended May 31, with turnover having increased by 12.4% to R4.3-billion,... 


Afreximbank launches suite of digital services to promote AfCFTA functioning
22nd June 2023 By: Cameron Mackay

Pan African financial institution the African Export-Import Bank (Afreximbank), in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat, have launched the Africa Trade... 


Anuva Green Energy seeks to expand solar energy funding partnership
14th June 2023 By: Schalk Burger

Tax-leveraged alternative investment company Anuva Green Energy is actively seeking additional partnerships with industry experts, and reputable engineering, procurement and construction and solar... 


Capitalworks sells South African boat designer, builder to European investment firm
14th June 2023 By: Schalk Burger

Private equity manager Capitalworks has closed the sale of South African boat builder Robertson and Caine, known for its catamarans, to international investment company Vox Ventures. This... 


Allan Gray Makers calls for entrepreneurs to enter artisanal campaign
12th June 2023 By: Tasneem Bulbulia

The Allan Gray Makers programme says it is taking a proactive step to address unemployment and poverty in South Africa through its Artisans of Mzansi Campaign, which is aimed at amplifying the... 


ARC Fund reports resilient performance despite macroeconomic challenges
9th June 2023 By: Schalk Burger

JSE-listed investment fund African Rainbow Capital Investments (ARC Fund) notes that the third quarter of its 2023 financial year was characterised by a challenging macroeconomic environment... 


bidvest truck
Bidvest’s performance on track for a strong year-end
8th June 2023 By: Darren Parker

In a trading update for the ten months ended April 30, service, trading and distribution group Bidvest has reported that its financial performance remains robust and has so far been sustained in... 


Investec's logo
Investec takes majority stake in boutique M&A firm Capitalmind
7th June 2023 By: Bloomberg

Investec Bank has bought a majority stake in European adviser Capitalmind Group, the latest deal for a boutique firm amid the worst mergers and acquisitions slump in a decade. The subsidiary of... 


DP World, Standard Bank partner to provide trade finance in Africa
29th May 2023 By: Schalk Burger

Supply chain and logistics company DP World and financial services firm Standard Bank have partnered to offer trade finance solutions. African companies looking for trade finance will now be able... 


AFC secures $625m from new Middle East, Asia lenders
29th May 2023 By: Tasneem Bulbulia

In a move to further diversify its debt profile, infrastructure solutions provider the Africa Finance Corporation (AFC) has secured a $625-million syndicated loan with new lenders from the Middle... 


A silhouette of construction workers pouring concrete at a construction site
Risk solutions provider growing African footprint
26th May 2023 By: Halima Frost

Since its establishment in 2021, risk mitigation solutions provider Africa Speciality Risk (ASR) has set its sights on consolidating its underwriting activities in South Africa as part of its... 


Mike Salawou appointed AfDB infrastructure, urban development director
22nd May 2023 By: Schalk Burger

Development finance institution the African Development Bank (AfDB) has appointed Mike Salawou as the director of its Infrastructure and Urban Development Department, effective from May 16. Salawou... 


Mozambique President Joachim Chissano, Zimbabwe President Emmerson Mnangagwa and African Development Bank president Dr Akinwumi Adesina
Zimbabwe President promises reforms ahead of August elections
17th May 2023 By: Darren Parker

Zimbabwe President Emmerson Mnangagwa has promised development partners and creditors that his government will implement reforms necessary for resolving the country’s nearly $8.3-billion debt and... 


WBHO’s A2X listing providing improved price, liquidity for shareholders, exchange says
17th May 2023 By: Tasneem Bulbulia

Construction company Wilson Bayly Holmes-Ovcon (WBHO) listed on A2X on April 11, and data gathered by the exchange reflects that WBHO shareholders are now able to transact at the best price on A2X,... 


African private capital activity remains resilient despite global uncertainty, volatility
2nd May 2023 By: Schalk Burger

African private capital markets experienced a record-high volume of deals in 2022. As a result, deal volumes in the region recorded a remarkable 46% year-on-year growth, and venture capital was the... 


Norsad Capital Impact Report highlights progress in achieving strategic goals
26th April 2023 By: Tasneem Bulbulia

Impact investor and private credit provider Norsad Capital on April 26 launched its 2022 Capital Impact Report, the sixth iteration of these reports, with CEO Kenny Nwosu indicating that last year... 


Rohatyn Group acquires Ethos Private Equity to drive African investment
24th April 2023 By: Tasneem Bulbulia

Specialised global asset management firm The Rohatyn Group (TRG) on April 3 announced the completion of its acquisition of Ethos Private Equity, an alternative asset management firm in Africa.... 


Absa partners with BAIC South Africa on vehicle finance solutions
20th April 2023 By: Donna Slater

Financial services provider Absa has entered into a vehicle finance alliance agreement with local subsidiary of the Beijing Automotive Group, BAIC South Africa (BAIC SA), as the vehicle... 


R400m energy fund launched to help finance backup power solutions for SMEs
20th April 2023 By: Donna Slater

Small and medium-sized enterprise (SME) financier Business Partners has launched a R400-million Energy Fund aimed at helping SMEs finance viable sources of alternative electricity and thereby keep... 


Tongaat Hulett former CFO Murray Munro
JSE imposes censure on former Tongaat CFO Munro; R6m fine suspended for now
19th April 2023 By: Darren Parker

Sugar company Tongaat Hulett former CFO Murray Munro has been banned from being a director or officer of any listed company for ten years, with immediate effect.  The JSE found that he failed to... 


AfDB, AFD extend $300m in funding to Tanzania’s Kakono hydroelectric plant
17th April 2023 By: Donna Slater

The government of Tanzania, the African Development Bank (AfDB) and the French Development Agency (AFD) have signed agreements for two development project loans worth $300-million to finance the... 


Nedbank sees R10bn pipeline of green energy projects
13th April 2023 By: Bloomberg

Nedbank Group has increased its green finance pipeline to more than R10-billion as more South African businesses invest in private power generation after the government lifted restrictions to help... 


Nedbank, partner invest R15m in early childhood development fund
13th April 2023 By: Schalk Burger

Financial services firm Nedbank and its partner black-controlled and -managed investment company Brimstone have, through the Black Business Partners (BBP) Legacy Programme, invested R15-million in... 


Bushveld CEO Fortune Mojapelo
Bushveld announces further steps to carve out independent energy storage entity
12th April 2023 By: Darren Parker

Integrated primary vanadium producer and energy storage solutions provider Bushveld Minerals has announced that VRFB Holdings (VRFB-H) has entered into a conditional agreement with Garnet Commerce... 


Westfalia avos
Standard Bank helps Westfalia expand its footprint with $100m facility
6th April 2023 By: Creamer Media Reporter

Africa’s largest bank by assets Standard Bank has participated in a $300-million dual-currency revolving credit facility (RCF) extended to multinational fresh fruit and related products supplier... 


2023 Energy Investment Village open for pitches
4th April 2023 By: Tasneem Bulbulia

The Green Energy Africa Summit (GEAS) has announced the launch of the 2023 Energy Investment Village (EIV), a deal-pitching event for African clean-tech starts-ups and energy projects. The EIV is... 


Absa to offer its SME clients grants to help them fund solar energy installations
3rd April 2023 By: Rebecca Campbell

South African banking and investment services group Absa has announced that it is making R50-million available to provide solar energy grants to small and medium enterprises (SMEs) that are its... 


Despite deteriorating business conditions, South African purchase managers remain optimistic 
3rd April 2023 By: Darren Parker

The seasonally adjusted Absa Purchasing Managers’ Index (PMI), compiled by the Bureau for Economic Research, ticked down to 48.1 in March from 48.8 in February.  The PMI shows that, after a solid... 


Commission welcomes Tribunal’s ruling that banks must answer on currency manipulation allegations
31st March 2023 By: Tasneem Bulbulia

The Competition Commission has welcomed the decision of the Competition Tribunal in which it dismissed applications or objections brought by various local and foreign banks to escape prosecution on... 


Absa Green Deposit investment product for corporates facilitates investment in green assets
31st March 2023 By: Schalk Burger

Financial services firm Absa has secured the opening investment in its Absa Green Deposit, which is an investment product that will link funds raised to a ring-fenced portfolio of eligible green... 


DBSA appoints Boitumelo Mosako CEO, Zodwa Mbele interim CFO
31st March 2023 By: Schalk Burger

Development finance institution the Development Bank of Southern Africa (DBSA) has appointed Boitumelo Mosako as CEO with effect from April 1 after completing all internal appointment processes and... 


A warehouse burnt down during the July 2021 unrest in KwaZulu-Natal and parts of Gauteng
South African catastrophes, power woes signal end of cheap insurance
30th March 2023 By: Reuters

Three major jolts in as many years coupled with the once unthinkable possibility of a power grid collapse have spooked reinsurers in South Africa, spelling an end to cheap coverage in the... 


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Sector News

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Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

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SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

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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,...

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Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds today supplies steel and tube, pipe and fittings, valves, pumps, irrigation, fencing, profiling and roofing products. The cash...

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