investments

Minister Davies congratulates Invest SA on winning top UNCTAD Award

South Africa has won the top global award at the United Nations Investment Promotion Awards for its excellence in boosting investment sectors that have...
South Africa reports on energy investments

South Africa reports on energy investments

South Africa has reiterated its commitment to the development of the energy sector as one of the most vital keys to easing constraints to economic growth. The expansion of the nuclear energy will be implemented over the next decade, adding to the R83-billion already invested in Eskom.
Western companies look to Africa for investments

Western companies look to Africa for investments

Western investors, facing stagnant economic growth at home, are looking to invest in African markets which promise high returns.

New fund to invest in clean technologies

The Evolution One Fund, a 10-year private equity fund that focuses on investments in clean technology in various sectors in the southern African region, has raised R400-million from four core international investors to date, and is expected to grow to R1-billion by mid-2009.

Altius invests in consumer website

South African consumer website getclosure! has sold a stake in its business to black-owned investment company Altius Investment Holidings, with the proceeds being used to promote the service and fund enchancements to the site, such as tailoring it for mobile use.

Eskom, Exxaro ink coal agreement

Diversified mining company Exxaro Resources is to spend up to R9-billion on a brownfields expansion of its Grootegeluk mine, which will supply Eskom's Medupi power station in Limpopo province with an average of 14.6 tons of coal a year over a 40-year period.

Eurocopter upgrades Cape facility

European helicopter manufacturer Eurocopter has completed a R2-million upgrade of its maintenance facility at Cape Town International Airport, enabling it to better support a rapidly expanding southern African customer base and fleet.

Absa invests in broadband cable firm

Absa's investment banking division has acquired a 10% stake in Dark Fibre Africa, a company that installs, leases and sells broadband cables to local telecoms companies. The bank will also provide the company with some R950-million in loans.

Standard Bank on the money

Standard Bank, one of South Africa’s biggest financial institutions, was recently voted Best Bank in Africa at the Euromoney Awards, held in July 2008.

Barloworld unveils R2.4bn BEE deal

Diversified industrial group Barloworld has unveiled a R2.4-billion black economic empowerment transaction that will see 10% of the JSE-listed company's shares being transferred to a strategic partner, employees and community groups.