Tag: deal

The two Brics countries have agreed to co-operate in training personnel for the South African nuclear power industry, as well as on enhancing public awareness of nuclear energy in South Africa. Russia will offer training and internships to South African students and teachers.

As part of its commitment to develop infrastructure and support economic growth in Africa, the Airports Company South Africa has signed a memorandum of understanding to provide advisory and technical consultancy services to its counterpart in Ghana.

South African petrochemicals giant Sasol has signed a deal with global fast-food company Burger King which will see the hamburger chain opening sit-down and takeaway restaurants at Sasol's fuel station forecourts countrywide.

South African bank Absa is to step up its African expansion following shareholder approval for an R18.3-billion deal to combine with Barclays Africa, enabling it to start serving 14.4-million customers across 10 countries on the continent.

South Africa's Allied Technologies Group has acquired an 8.6% initial interest worth $16.5-million in UK-based telecommunications company Liquid, with the aim of expanding its networking footprint and creating the largest single fibre network in Africa.

The Airports Company South Africa (Acsa) is part of a consortium that has won a bid for the expansion, maintenance and operation of Guarulhos, Brazil's busiest airport, located in greater Sao Paulo.

Financial services and insurance group Aon has unveiled a black economic empowerment (BEE) deal that will see the Vurhonga Consortium acquire a 25.1% shareholding in Aon's South African business for an undisclosed sum.

South African chemicals, explosives and property group AECI has unveiled a R1.2-billion black economic empowerment deal that will see a 11.5% stake in the company being held by an employee share trust and a community share trust.

Accounting and consultancy firm BDO South Africa has announced that Kapela Holdings, a majority black-owned investment company, has purchased a 30% stake in BDO South Africa Advisory Services for an undisclosed sum.

Steelmaker ArcelorMittal South Africa has announced an empowerment deal worth over R9-billion that will see a 26% stake in the company being sold to the Ayigobi Consortium and a share trust that represents 8 500 of the company's employees.