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Friday, December 13, 2019

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Tag: Fund

Treasury proposes additional R59bn for Eskom

Finance Minister Tito Mboweni has proposed additional funding support of R59 billion over the next two financial years to help the embattled power utility meet its financial obligations. The Minister said this...

African Banks fund construction of world’s biggest marine diamond mining vessel

Nedbank Namibia, RMB Namibia, Standard Bank, ABSA and Bank Windhoek agreed to provide 80% of the funding for the ship, which will be the world’s largest of its type. Five African commercial...

A $100m Crypto fund opens with the goal of going long

A new $100 million investment firm, Darma Capital, is opening to investors who want to bet that digital assets such as Ether are poised for a 10-year bull run. Of course,...

Edcon group gets R2.7-billion lifeline

The Unemployment Insurance Fund (UIF), debt holders and landlords have all come to the rescue of the troubled Edcon group — which owns Edgars, Jet and CNA — in a deal that...

R3.5bn empowerment venture fund to be launched in auto sector this year

South Africa’s seven light vehicle manufacturers plan to launch a R3.5-billion venture fund this year, aimed at boosting black economic empowerment in the domestic automotive manufacturing industry. The seven manufacturers are...

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Substantial cost savings achieved as Konecranes upgrades old Wolff Crane

A 35 T/15 T Wolff Crane, that was installed in a local metal plant in 1989, was recently upgraded by Konecranes. The modernisation of...

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