Tag: Fund
Old Mutual fund urges South Africa to focus on power
A $1.9 billion infrastructure fund owned by Old Mutual Ltd. said South Africa should start with power as it embarks on an R2.3 trillion ($137 billion) drive to lure private investment...
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...
South Africa mulls welfare cuts to fund free higher education
South Africa's government is considering a range of budget cuts that could include slashing social grants for the most vulnerable in order to pay for free tertiary education, a newspaper reported...
New property fund provides solutions to cash strapped businesses
Old industrial buildings on city fringes are getting a new lease on life. Situated on major transportation routes for people and goods, they are being remodeled into modern mixed- use business...
R6,5m fund for ‘Cape Innovators’
Innovation in the Western Cape is set to get another healthy boost, with the announcement that designers, inventors, entrepreneurs and product developers can apply for grants of up to half a...
Murray & Roberts is considered for a research grant
Minister of science and technology in South Africa, Naledi Pandor chats with Cyril Attwell in charge of concrete and research managing at Murray and Roberts to comment on the company’s work...
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Two SAB plants get R5.8 billion upgrades
The R5.8 billion investment commitment made by South African Breweries (SAB) has been utilised to increase capacity at two of its plants.
The company said...
