R/€ = 16.82 Change: 0.00
R/$ = 14.32 Change: 0.00
Au 1199.53 $/oz Change: -8.69
Pt 829.00 $/oz Change: -7.99


KfW Development Bank signs R900m loan facility with Land Bank

By: Anine Kilian     1st February 2018 Germany’s KfW Development Bank on Thursday signed an agreement for a R900-million loan to the Land and Agricultural Development Bank of South Africa (Land Bank). The loan, which will assist the Land Bank with refinancing its loan book and extending longer-term financing to both emerging and... 

Black Business Council says Eskom CEO musical chairs doesn’t inspire confidence 

By: African News Agency      9th October 2017 The Black Business Council (BBC) said on Monday that it was concerned by the sudden change of leadership at State-owned power utility Eskom, saying that government must give the enterprise some space and not meddle in its affairs. This comes after Eskom last week appointed its chief information... 

Eskom CFO Anoj Singh placed on special leave

By: African News Agency      28th July 2017 Eskom’s chief financial officer Anoj Singh was placed on special leave on Thursday, amid mounting allegations of improper financial dealings by the power utility with companies in the Gupta business empire, “The Board of Directors of Eskom has taken a decision to grant Chief Financial Officer, Mr... 

Futuregrowth to resume trading in Sanral debt instruments

By: Megan van Wyngaardt     5th July 2017 Asset management company Futuregrowth, which holds about R170-billion in assets, on Wednesday said it would resume trading in the South African National Roads Agency Limited’s (Sanral’s) debt instruments. The country’s biggest private fixed-income money manager in August last year said it would... 

Resgen aligns coal project contracts to secure funding

By: Martin Creamer     2nd March 2017 Engineering, procurement, construction and logistics contracts have been aligned to meet the debt funding requirements of the Boikarabelo coal mine project in Limpopo. Boikarabelo, which hosts coal resources of 995-million tonnes and the coal reserves of 267-million tonnes, with the first stage... 

Futuregrowth seeks ‘right side of history’ with clean coal

By: Bloomberg     21st September 2016 Futuregrowth Asset Management, South Africa’s largest specialist fixed-income money manager, said it won’t participate in funding of coal-fired power generation until the industry develops environmentally sustainable methods of operating. The decision is based on the company’s investment... 

IMC proposes establishment of State bank

By: Anine Kilian     2nd September 2016 An inter-Ministerial Committee (IMC) has recommended that government consider the establishment of a State Bank of South Africa, with the possible corporatisation of the Post Bank as a possible option. This is according to a statement released by Mineral Resources Minister Mosebenzi Zwane, who... 

Suspension of loans is 'erroneous' – ANC

By: News24Wire      1st September 2016 It was an unfortunate mistake to suspend loans to State Owned Enterprises, the ruling African National Congress (ANC) said on Thursday. This comes hours after Futuregrowth Asset Management announced it was suspending its loans due to possible “patronage network” and “conflicts” in government. 

South Africa’s biggest debt manager halts loans to State firms

By: Bloomberg     31st August 2016 Africa’s biggest private fixed-income money manager will stop lending money to six of South Africa’s largest State companies because it’s concerned about how they are being run, government infighting and threats to the independence of the finance ministry. Futuregrowth Asset Management, which has... 

Platinum council backs Japan’s ‘Fruit of Platinum’ sweet spot

By: Martin Creamer     7th July 2016 Following May’s move to boost platinum bar and coin availability globally, the World Platinum Investment Council (WPIC) on Thursday threw its promotional weight behind investors in Japan’s flourishing ‘Fruit of Platinum’ exchange traded fund (ETF). The tie-up is the latest in a series of... 

Collaboration And Integrity Required For Infrastructure Project Success Says Arup SA

23rd May 2016 “Two key factors for the success of infrastructure projects in Africa is the collaboration between the private and public sector, whilst using a third party for early engagement and de-risk; and integrity in the design process,” said Poya Rasekhi, Chief Executive Officer of Arup SA, at the recent... 

Special Africa Hub will help deliver multibillion-dollar infrastructure projects

By: African News Agency      11th May 2016 The formation of a special hub to drive multi-billion dollar infrastructure investment was announced at the World Economic Forum (WEF) on Africa meeting in Kigali, Rwanda, on Wednesday. The Sustainable Development Investment Partnership (SDIP) announced the creation of a dedicated Africa hub... 

DTI unveils details of black industrialist support mechanisms  

By: Natalie Greve     22nd May 2015 The Department of Trade and Industry (DTI), which last year committed to the initial creation of more than 100 black industrialists within three years, has developed a draft policy framework to guide the introduction of financial and nonfinancial support mechanisms to boost the industrial asset... 


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