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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...

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New B2C online shopping platform for engineering consumables

BMG’s online shopping platform now encompasses a newly launched E-Commerce service, designed especially for consumers, to boost their buying experience of engineering consumables. “The success...

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