Absa Bank has successfully refinanced and upsized Harmony Gold Limited’s existing USD 250,000,000 Term Debt to a 3 year USD 350,000,000 facility.
[South Africa] Prodigy Finance set to grow Cape Town presence after R3.19 billion fintech funding round
Prodigy Finance, an international fintech platform that has developed the world’s first borderless credit model, today announces a R3.19 billion fundraise.
The U.S. Trade and Development Agency has awarded a grant to Swayana (Pty) Ltd, a Pretoria-based energy project developer, for a feasibility study that will use innovative U.S. technologies to convert waste gas into a valuable commodity.
Absa Bank has successfully refinanced and upsized Harmony Gold Limited’s existing $250 million Term Debt to a 3 year $350 million facility.
Namibia, South Africa and Botswana entrepreneurs to benefit from $3 million Stanford Graduate School of Business program
Stanford Graduate School of Business has announced a $3 million, three-year partnership with De Beers Group to empower young, budding entrepreneurs in Botswana, Namibia, and South Africa.
Direct Pay Online Group (DPO) has announced the acquisition of Virtual Card Services (VCS) South Africa.
Vodacom Business has launched Virtual CIO, a service that provides a suite of IT support to SMMEs. The service offers monitoring, telephonic and onsite IT support to businesses which do not require full-time resources.
Issues related to mental health, including depression, in the workplace have not always garnered the necessary sympathy or response from employers compared to physical issues, but this is changing.
26 years ago, Esther Mahlangu, a South African Ndebele artist, was the first woman to create artwork on a BMW 525i Sedan turning it into a unique and colourful BMW Art Car.
South African mobile commerce company Blue Labe Telecoms now owns 45 per cent stake in mobile operator Cell C following a successful implementation of Cell’s C recapitalization.
Whether one has totally embraced South Africa’s Protection of Personal Information Act or not, there is no denying it has altered the scope of data protection, management and governance in South Africa.
The JSE's performance was resilient in the face of a tough operating environment during the first half of 2017.
South Africa’s National Treasury has confirmed the appointment of Vuyani Jarana as the Chief Executive Officer of the state owned carrier South African Airways.
Digital Agency Creative Spark has announced the appointment of new Managing Director, Tanja Lategan, who will steer the digital agency through its next phase of growth and ramp up the company's integrated marketing offering.
[South Africa] Latest PMI data and a weaker rand to further reduce margins of metal and engineering companies
Manufacturers continue to face serious headwinds despite last month’s decision by the South African Reserve Bank to cut the repo rate by 25 basis points, which was an expansionary monetary policy move to reduce costs.
Take a look at almost any measure of success in the South African business world and you'll see that mining companies always perform well.
Doreen Kosi appointed South African Breweries Vice President of legal and corporate affairs in Africa
The South African Breweries (SAB) and ABInBev has appointed Doreen Kosi as Vice President Legal and Corporate Affairs Africa Zone.
WDB Investment Holdings has increased its stake in Seed Engine (incorporating Seed Academy and the WDB Seed Fund) from 35% to 51%, officially confirming Seed Engine as a proudly 51% black women owned company.
Lycamobile, a mobile virtual network operator (MVNO), has announced that the company has partnered with Cell C and will begin rolling out its services in South Africa.
Volkswagen Group South, the country’s leading passenger car manufacturer continues to grow market share, despite the tough economic climate and a declining new vehicle passenger car market.
Daimler Trucks & Buses comprising of Mercedes-Benz Trucks and Mercedes-Benz Vans, both subsidiaries of Mercedes-Benz South Africa have rewarded its most stellar commercial vehicles dealers for 2016 at a Dealer of the Year event.
Decision Inc. a management and technology consulting organisation has confirmed the commencement of its international expansion strategy with the acquisition of ABM Systems.
Grad Coach, a leading postgraduate support provider, has launched a first of its kind Master’s dissertation and thesis service.
[Column] Lischa Gerstle: Foreign lenders should be aware of credit and loan requirements in South Africa
When a foreign lender advances a loan to a South African borrower (or its group members), the South African Exchange Control Regulations, the National Credit Act and the financial assistance section of the Companies Act are of key relevance.
Innovation in sophisticated South African fintech payments landscape - Dominique Collett, head of AlphaCode
In 2016 $5.5bn of venture capital investment went into payments startups. This represented 22% of global fintech investment activity. In South Africa, payments still dominate the fintech landscape.
African internet platform, Cape Town-based Silvertree Internet Holdings has recently reached the milestone of over USD 15m (approx. ZAR 200m) channeled into African consumer-focused technology companies since inception in 2014.
The Johannesburg Stock Exchange (JSE), in partnership with FTSE Russell, launched eight new factor indices covering the South African equity market.
Perspex South Africa has recently joined forces with Tigers SA in an effort to provide customers with enhanced service delivery.
It’s taken hyperscale computing a decade to steadily claim significant cloud infrastructure service market share. Initially focused on major international markets, Africa has not been a priority until recently, when large players started turning their attention to Africa.
Sapiens International Corporation, a global provider of software solutions for the insurance industry with a growing presence in the financial services sector says ihas significantly increased its investment in the South African market.
Vodacom has outlined accelerated plans to expand network coverage for people who live in deep rural areas of South Africa.
EcoSlips is launching a new disruptive service to forever get rid of paper-based transaction slips. Retailers are now able to link their point-of-sale systems to EcoSlips and send transaction slips digitally from any pay point to consumer cell phones.
Rentorr is a dynamic online platform that brings together property owners, real estate players, vendors, people who want to rent a home, in one space. It offers solutions that completely align with the realities of the 21st century.
[South Africa] AXS Systems makes residential estate, office park management easier with integrated online platform
AXS Systems recognizes the challenges faced by South African residential estates and office parks who struggle to manage various aspects of their communications and resident interactions.
Grad Coach, a leading South African postgraduate support provider, has launched a free MBA Q&A service that allows MBA students to get answers to their burning questions, all at no cost.
The South African motor industry is holding up surprisingly well in a tough economic environment that is being exacerbated by political turmoil according to Dr Azar Jammine, Director and Chief Economist at Econometrix.
Having joined Subaru Southern Africa in 1994 as an accountant, 2 years after the brand was established in South Africa, Mr. Silva has enjoyed a long-standing career as well as widespread experience.
The Western Cape Government has received over 350 Volkswagen Polo Vivo Sedans. These vehicles will be used mainly for general purposes by Provincial Departments in the Western Cape, such as the Traffic, Transport and Public Works.
Google has announced that initial grants of $2.5m will be given to the nonprofit arms of African startups Gidi Mobile and Siyavula, both of which provide free access to learning for 400,000 low-income students in Nigeria and South Africa.
Nissan is optimistic about the future of automotive manufacturing in South Africa according to its South Africa's manufacturing director Joan Busquets .
Cell C is pleased to announce the appointment of Nihmal Marrie as Chief Digital Officer of the company.
As the digitisation of the customer experience is becoming a leading priority for most industries, Sybrin is hard at work enhancing their digital business platforms.
The Johannesburg Stock Exchange (JSE) now offers investors an even wider range of products which give investors exposure to global markets with the listing of three new Satrix exchange traded funds (ETFs)
Linebooker, a Cape Town based online bidding platform in the freight transport sector, has produced an average saving of 12% for its clients since it launched five months ago.
More impactful business development support that provides entrepreneurs with robust business basics is needed to increase small business success rates, while a decline in youth owned businesses has emerged as cause for concern in South Africa.
The Minister of Trade and Industry, Dr. Rob Davies together with First National Bank (FNB) Chief Executive Officer (CEO) for Public Sector Banking, Mr Kgosi Ledimo have signed a pledge that will improve access to finance for Black Industrialists
The cloud and security solutions provider, F5 Networks last week announced the availability of new, multi-cloud-ready application services for the South African market.
Platinum Sage Partner and business solutions specialist, Parity Software, has appointed Jono Williamson as its chief commercial officer (CCO).
Section 12J Venture Capital company, Grotech has rebranded as Kalon Venture Partners. For the last 18 months, the business did extensive screening of hundreds of companies and three new deals are imminent
Vodacom and Celcom have thrown their weight behind the fight against anti-rhino poaching operations by introducing an innovative security measure for the Addo Elephant National Park.
[South Africa] CKR Consulting Engineers partners with Silversoft to implement Deltek project information management
Deltek has announced that CKR Consulting Engineers is partnering with Silversoft to implement Deltek Project Information Management, the industry's leading enterprise information management system.
Oracle South Africa has announced the appointment of Niral Patel as Managing Director and Technology Leader.
The Johannesburg Stock Exchange has welcomed Argon Securities, a 100% black-owned brokerage firm, as one of its members.
Comments and submissions by interested parties on South Africa's International Arbitration Bill, approved by the South African government in March 2017, are due by 28 July 2017.
While some sceptics may have misgivings about the technology, fuelled by isolated incidents involving alleged underhanded dealings, the fact is that cryptocurrency and blockchain has disrupted financial services and will be around for a lot longer.
[South Africa] Entersekt appoints Pattison Mutambiranwa senior Vice President for Middle East and Africa
Stellenbosch-headquartered fintech company Entersekt has appointed ICT industry veteran Pattison Mutambiranwa as senior vice president Middle East and Africa.
Vodacom minority shareholders have overwhelmingly voted in support of the proposed acquisition by Vodacom Group of an effective 35% stake in Safaricom Kenya.
CloudMargin and Strate Collateral Management introduce automation to South African OTC Derivatives Contributors
South African market participants can now enjoy unprecedented automation and straight-through processing by leveraging newly available, integrated cloud-based technology
In an economy facing a third possible downgrade, mounting living costs and scarce jobs opportunities, it’s reassuring that the direct selling industry is one of the few sectors showing growth over the past 18 months.
RH Bophelo has listed as a special purpose acquisition company “SPAC” on the Main Board of the JSE
Siemens has announced the purchase of Crabtree Electrical Accessories in South Africa and its associated Lesotho business from Powertech Industries Limited.
Syrex, provider of virtualised and hybrid network infrastructures and solutions, has partnered with Redstor, market leader in data management and security solutions, to provide clients with a powerful cloud backup and security solution.
Both the total value and total number of contracts traded on the JSE’s Currency Derivatives market has effectively more than doubled every year since the launch of the market in 2007.
Microsoft’s announcement that it plans to build hyperscale datacentres in Cape Town and Johannesburg to deliver a range of cloud services is set to give a massive boost to enterprise adoption of infrastructure-as-a-service.
The signing of the tripartite free trade area agreement by South Africa in Kampala has injected fresh momentum into the tripartite negotiations to create a free trade area covering half of Africa.
Zapper has partnered with Alipay, a mobile and online payments platform to give active Alipay users from around the world who visit South Africa the opportunity to pay at more Zapper-affiliated merchants with Alipay.
The Johannesburg Stock Exchange recently launched a Soya Bean Crush futures contract which provides simultaneous exposure to soya beans as well as its processed by-products.
Vodacom has appointed one of the country’s well respected and talented trailblazers in marketing and advertising, Abey Mokgwatsane, as its new Managing Executive for Brand Marketing and Communications.
South Africa’s market leader in corporate and promotional branding, Barron has entered into a strategic partnership with Ramco Group that will see Ramco distribute promotional materials on behalf of Barron.
AEP Energy Africa has listed as a Special Purpose Acquisition Company (SPAC) on the JSE’s AltX board.
More than 160 out-of-school, unemployed or self-employed young women between the ages of 18 and 35 have graduated from the Junior Achievement South Africa Youth Enterprise Development Programme 2017.
The South African financial technology company that brought card-payment systems to smaller businesses in 2008 has just announced a new integrated payment solution that will benefit franchise store owners and larger independent retailers.
Since inception, Massmart’s Supplier Development Programme has supported as many as 32 small local manufacturers gain access to market and form part of the broader Massmart supply chain.
President Jacob Zuma has appointed Professor Daniel Plaatjies as Chairperson and Dr Sibongile Muthwa as Deputy Chairperson of the Financial and Fiscal Commission (FFC).
2U, Inc., a market leader in delivering best-in-class digital education in partnership with the world's top colleges and universities, has announced that it has completed its previously announced acquisition of GetSmarter.
International Finance Corporation, a member of the World Bank Group, has announced a loan of up to $200 million to FirstRand.
An African record has been set for the The Financial Intelligence Centre Amendment (FICA) process which used to take anywhere from two days to two weeks.
fastjet enters agreement to acquire brand intellectual property rights from Sir Stelios Haji-Ioannou
fastjet, the low-cost African airline, is providing an update on trading for the period from 1 January 2017 to date, ahead of its Annual General Meeting to be held.
GameMine Inc., a US-based mobile game publisher, announced it has entered into a strategic partnership with South African mobile carrier, Vodacom Group.
Eskom is investigating an arsenal of new technologies to deploy in its ongoing fight against electricity theft.
South African companies taking part in the Outward Selling Mission in Kenya have identified several business opportunities in different sectors.
New Holland Agriculture, a brand of CNH Industrial has opened a new branch to distribute and support its products and services in South Africa and neighbouring markets.
South Africa and Kenya commit to building mutually sustainable relations in pursuit of Africa Agenda 2063
South African businesses have a crucial role to play in growing the Kenyan economy following from the commitments made during the State Visit by President Jacob Zuma in October last year.
ACI Worldwide and Alipay have announced that they are launching Alipay in South Africa, via leading regional payment service provider Peach Payments.
Software as a Service specialist, e4, has appointed Adri Führi as its Group Chief Financial Officer.
Kaap Agri Limited has listed in the “Speciality Retailer” sector of the JSE’s Main Board. Kaap Agri is the 7th company to list on the JSE this year.
World Organization for Animal Health approves South Africa developed diagnostic test for African horse sickness
The World Organisation for Animal Health has approved a South African developed diagnostic test for African horse sickness (AHS), a potentially deadly horse disease.
South African Investment Bankers have lauded the Lagos Business School for hosting the International Executive Development Programme (IEDP) for the Banking Sector and Training Authority (BANKSETA).
Telecommunication company MTN has made new management appointments as it seeks to boost operational efficiency and provide more in-depth commercial skills and experience.
The Eskom Board has announced the appointment of Mr Johnny Dladla as acting Group Chief Executive with immediate effect.
The JSE has listed a cash settled merino wool futures contract on its Commodity Derivatives Market. The contract allows farmers and wool buyers to protect themselves against movements in the wool price.
Data management and cloud storage solutions provider NetApp has appointed Morne Bekker as the new South African Country Manager and District Manager for the SADC Region.
Vodacom has extended its Fibre-To-The-Home (FTTH) network through signing new lease agreements with third-party network infrastructure providers Link Africa, Octotel, Frogfoot and Waterfall Access Network (WAN).
Broad-Based Black Economic Empowerment in the South African mining industry is regulated by the Broad-Based Black-Economic Empowerment Charter for the South African Mining and Minerals Industry (MiningCharter).
Africa’s integrated facilities management company Servest has appointed Xolani Zuma as its new Managing Director to lead Integrated Solutions in South Africa and Africa.
Fintech startup Direct Debit recently launched E-Mandate, a valid electronic agreement that allows customers to sign and authorise debit orders and recurring payment transactions online from any web-enabled device.
Harvard University opens its first cross disciplinary research Center for African Studies on the African continent
Harvard University’s Center for African Studies has opened its first Africa office in Johannesburg South Africa
fastjet has increased the number of flights on its route between Johannesburg and Harare, and launched a fifth seasonal flight from Harare to Victoria Falls.
South Africa’s latest unemployment figures make for sombre reading. While official unemployment is now 27.7 percent, the most affected group is young people under the age of 35.
Vodacom Group has announced the appointment of Jabu Moleketi as Non-Executive Chairman and Saki Macozoma as a lead Independent Director with effect from 19 July 2017.