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Kangnas Wind Farm and Perdekraal East Wind Farm, South Africa

29th June 2018 The Kangnas Wind Farm and Perdekraal East Wind Farm projects have reached financial close. 

Draft Broad-Based Socio-Economic Empowerment Charter For The Mining And Mineral Industry, 2018

25th June 2018 Authors: Fasken Senior Partner Lucas Moalusi, Managing Partner Blaize Vance, Partner Godfrey Malesa On 15 June 2018, the Minister of Mineral Resources, Gwede Mantashe gazetted the ‘Draft Broad-Based Socio-Economic Empowerment Charter for the Mining and Mineral Industry, 2018’, ("draft Mining... 

Mining Charter’s free-carried interest requirement worries industry

21st June 2018 Although changes have been made to certain sections of the latest draft of the third Mining Charter, some mining industry participants believe the charter will not benefit the industry. Unpacking the proposed ownership requirements for new mining rights as set out in the draft charter, in... 

Another two South African wind projects reach financial close

5th June 2018 A further two South African wind farms, with a combined investment value of R6.6-billion, have reached financial close following the signing of agreements for 27 renewable-energy projects on April 4. Global wind and solar company Mainstream Renewable Power announced on Tuesday that construction... 
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AfDB approves $250m risk participation agreement with ABSA

The African Development Bank (AfDB), this week, approved an unfunded $250-million risk participation agreement (RPA) with ABSA Bank. This RPA, housed within the AfDB’s Trade Finance operations, will enhance African issuing banks’ ability to leverage trade financing through a multisectorial approach. 

FCA South Africa appoints new CFO, head of network development

Fiat Chrysler Automobiles (FCA) South Africa has appointed Juan Wheeler CFO and Daniell Theron head of network development. He has served in various regions within Ford Motor Company for the last 20 years including South Africa, South East Asia and the Middle East. 
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