Nigerian firm increases SA invesment
South Africa's Sephaku Holdings has concluded an agreement with the Dangote Group that will see the Nigerian manufacturing conglomerate investing a further R779-million and increasing its ownership in Sephaku Cement to a controlling 64% stake.
South Africa courts Islamic investors
South African Islamic investors and financiers are likely to be recognised via a new insertion in the Income Tax Act, at a time when a growing number of countries are changing their regulations to attract investors who can only put their money into Shariah-compliant assets.
Ekurhuleni Metro issues first bond
The Ekurhuleni Metropolitan Municipality, which comprises many towns in Gauteng's East Rand, has become the third South African municipality to turn to the bond market to raise funds for its capital expenditure programmes, with the issuing of a 10-year fixed-rate R815-million bond.
Land Bank back on track, eyes investors
South Africa's state-owned Land Bank has cleaned up its finances and is now attracting investors, says CEO Phakamani Hadebe, adding that the bank is beginning to see a new culture "that is committed to delivery".
Brazilian industrial firm expands in SA
Brazilian firm WEG, a supplier of first-class products to the industrial electrical energy sector, has acquired a 51% stake in South Africa's Zest Electric Group as part of its African expansion strategy.
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