Development finance institution the International Finance Corporation (IFC) has appointed Madalo Minofu as country manager for Ethiopia, Malawi and Zambia to strengthen the role of the private... 

Impact investment company Impact Investment Group and small, medium-sized and microenterprise (SMME) manufacturing investment company Seed10X have launched a service offering for Africa to unlock... 

Climate finance committed by major multilateral development banks (MDBs) rose in 2021, with over $19-billion committed to climate change adaptation finance, according to the joint ‘Multilateral... 

Finance institution Standard Bank has successfully syndicated a multimillion-dollar sustainability-linked debt refinancing facility for LSE- and Stock Exchange of Mauritius-listed Grit Real Estate... 

Standard Bank will exceed its green financing target of R50-billion this year, as South Africa's scrapping of regulations on self-generated renewable energy projects has spurred a rush for... 

The South African Intergovernmental Fintech Working Group (IFWG) is opening its regulatory sandbox (RSB), launched in April 2020, for applications from industry following the introduction of a new... 

Development finance institution the African Development Bank (AfDB) has approved an unfunded $75-million trade finance Risk Participation Agreement (RPA) facility for financial services firm... 

British International Investment (BII), the UK’s development finance institution and impact investor, on October 13 announced the launch of an online platform, the African Climate Conversation.... 

For the third year in a row, global financial assets grew by double-digits in 2021, reaching €233-trillion, the ‘Allianz Global Wealth Report 2022’ shows. The report indicates that, in retrospect,... 

Financial services provider Rand Merchant Bank (RMB) has launched a first-of-its-kind Agri Harvest Funding platform, which will facilitate funding for the agricultural sector to ensure sustainable... 

The draft refinements and accompanying explanatory memorandum to the research and development (R&D) tax incentive (in terms of Section 11D of the Income Tax Act) for potential inclusion in the 2023... 

Pan-African multilateral financial institution the African Export-Import Bank (Afreximbank) has launched the Afreximbank Academy (Afracad) – a learning, knowledge and networking hub designed to... 

Finance Minister Enoch Godongwana has designated Professor Thabo Legwaila as acting Tax Ombud, for a period of three months, effective from October 6 to January 5, 2023. Legwaila is currently the... 

After remaining stable at a new record high for three successive quarters, the latest Altron FinTech Household Resilience Index (AFHRI) took a slight dip in the second quarter, both in terms of its... 

To support small-, medium-sized and microenterprises (SMMEs) in Gauteng’s townships, the Gauteng Provincial Government (GPG), the Industrial Development Corporation (IDC) and the South African SME... 

Investment holding company Remgro recorded a strong financial year ended June 30, despite headwinds that the company says can be regarded as extreme events, which disrupted the global and local... 

A group of entrepreneurs on September 23 launched Africa’s first credit ratings agency, Sovereign Africa Ratings (SAR), based in Centurion. The agency also published its first credit rating... 

Intergovernmental organisation the International Energy Agency (IEA) and several partners have launched a new tool, the Cost of Capital Observatory, to track financing costs for energy projects... 

As the world is moving beyond the Covid-19 pandemic and lockdowns, a resurgence is occurring, with higher levels of consumption and trade in most sectors. This presents opportunities, but also... 

Indian mining investment company Vedanta has signed two memoranda of understanding (MoUs) with the Indian state of Gujarat to set up a semiconductor fabrication plant – commonly referred to as a... 

Professional services firm KPMG South Africa CEO Ignatius Sehoole has been appointed as the chairperson of KPMG Africa and a member of the KPMG Global board, with effect from 1 October. “In this... 

Business Leadership South Africa (BLSA) CEO Busi Mavuso believes more support for whistleblowers is needed if South Africa is going to make any meaningful headway in the fight against corruption.... 

In an address at the Government Employees Pension Fund’s yearly Thought Leadership Conference on September 15, Finance Minister Enoch Godongwana said the “winds of change” have started to blow... 

Following the economic upsets caused by the pandemic and the ensuing lockdowns since 2020, services, trading and distribution group Bidvest has reported strong results for the financial year ended... 

Global chemicals and energy company Sasol and Japanese trading group Itochu have signed a memorandum of understanding (MoU) to jointly study and develop the market and supply chain for green... 

The Italian development finance institution Cassa Depositi e Prestiti (CDP) has agreed a debut €100-million loan for African infrastructure solutions provider Africa Finance Corporation (AFC), to... 

Financial institution Absa’s seasonally adjusted Purchasing Managers’ Index (PMI) rose to 52.1 points in August from 47.6 in July. Following a tough start to the third quarter, an easing in the... 

Financial services provider Capitec has commissioned solar installation company Impower to design, install and maintain an electricity solution that integrates both solar and a battery backup... 

Two-thirds of South Africans expect the country’s banks to make a full transition to digital banking within five years, a new report titled ‘The Future of Retail Banking in South Africa’  states.... 

Retailer Massmart’s share price on the JSE rose by more than 45% on the morning of August 29, after the company announced that it had reached an in-principle agreement with US-based retail... 

The Lanseria smart city initiative, announced by President Cyril Ramaphosa in his 2020 State of the Nation Address, has steadily been gaining momentum over the past two years, despite setbacks... 

The Medium-Term Budget Policy Statement, due to be delivered in October, has to do two things – enable the government to work effectively and deliver appropriate fiscal policy, Business Leadership... 

State-owned development finance institution Development Bank of Southern Africa (DBSA) has reported a record R3.8-billion net profit for the financial year ended March 31, showing a profitability... 

In spite of chemical supply chain constraints, flow measurement and calibration technology company Wika expects to benefit from its diverse portfolio offering to provide quality instrumentation for... 

JSE-listed woodfibre products and solutions multinational Sappi says its €515-million international revolving credit facility is its first financing facility with sustainability-linked key...