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Collaboration seen as key to unlocking South Africa’s industrial potential 

By: Simone Liedtke     14th June 2019 The revival of South Africa’s flagging manufacturing sector is core to President Cyril Ramaphosa’s broader economic recovery plan. The importance attributed to manufacturing can be seen in the President’s decision to appoint the experienced Ebrahim Patel to lead the newly restructured Trade and... 

Collaboration seen as key to unlocking South Africa’s industrial potential

By: Simone Liedtke     14th June 2019 The revival of South Africa’s flagging manufacturing sector is core to President Cyril Ramaphosa’s broader economic recovery plan. The importance attributed to manufacturing can be seen in the President’s decision to appoint the experienced Ebrahim Patel to lead the newly restructured Trade and... 

Parsons warns of possible ‘technical recession’ after first-quarter GDP contraction   

By: Tasneem Bulbulia     4th June 2019 South Africa’s gross domestic product (GDP) is unlikely to grow by more than about 1% this year, North West University Business School economist Professor Raymond Parsons said on Tuesday, following the announcement by Statistics South Africa (Stats SA) that GDP had contracted by 3.2% in the first... 

Telkom to seek an equity partner to help boost towers growth

By: Bloomberg     28th May 2019 Telkom is seeking an equity partner to help build more mobile-network towers as the former South African phone monopoly seeks new ways to increase revenue away from its core, fixed-line business. The Pretoria-based company may also sell some of its 1 332 properties to raise cash for the project,... 

Nearly R3bn in investment raised for Cape Town, Western Cape in 2018/19

By: African News Agency      23rd April 2019 The Western Cape’s investment promotion agency Wesgro said on Tuesday it had helped secure R2.85-billion in investments in the province during the 2018/19 financial year which would be realised over a five year period and create nearly 1 000 jobs. It said this followed a successful fourth quarter... 

Kibo appoints Wimmer as adviser for African project financing

By: Tasneem Bulbulia     17th April 2019 Kibo Energy has signed a corporate finance engagement letter with Wimmer Financial, which will advise Kibo on and manage all aspects related to the structuring and provision of a project finance corporate credit line facility of up to $900-million which could form part of a broader funding... 

Chinese investment in Australia cools

By: Esmarie Iannucci     8th April 2019 New figures from advisory firm KPMG has found that Chinese investment into Australia had declined by 36.3% in 2018, to A$8.2-billion, with mining investment decreasing over 90% compared with 2017 figures. KPMG reported that the mining sector accounted for 5.6% of the total Chinese investment... 

Norway wealth fund to tighten coal ban, add green infrastructure

By: Bloomberg     5th April 2019 Norway plans to tighten restrictions on coal investments for its $1-trillion sovereign wealth fund while opening it up for renewable-energy infrastructure assets. The government proposes to expand its coal ban by adding absolute caps on production of thermal coal, or its use in power generation,... 

Intu Properties appoints Matthew Roberts CE

By: Simone Liedtke     4th April 2019 Matthew Roberts has been appointed CE of JSE-listed Intu Properties, with effect from April 29. Roberts will succeed David Fischel, who will be standing down from the board and leaving the company on April 26. 

Brainworks Posts Revenue Growth Across All Segments For Fy18

1st April 2019 Brainworks – a Mauritian-based JSE-listed holding company with a diversified Zimbabwean investment portfolio – released its trading statement and operational trading update for the year ended 31 December 2018 (“FY18”), recording revenue growth across all segments of the group with the hospitality... 

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