Home Tags Group
South African banking group FirstRand says it aims to become a major player in Nigeria after its subsidiary, Rand Merchant Bank, secured an investment banking licence from the Central Bank of Nigeria.
Franchise restaurant group Famous Brands is partnering with the Coega Dairy Company in a state-of-the-art cheese manufacturing plant that will bring R55-million in new investment into the Eastern Cape while providing a robust, growing market for emerging dairy farmers in the region.
Financial services group Cadiz Asset Management has partnered with the US Agency for International Development in launching a new job creation fund targeting small businesses in South Africa.
One of Europe's largest development finance institutions, the German Investment Corporation, has acquired a 10% shareholding in South African agriculture supply chain company Farmsecure Holdings.
The scale and pace of investment by Chinese companies across Africa is picking up, with South Africa's Standard Bank alone responsible for advising Chinese companies on recent deals worth more than R10-billion.
Banking group Absa conducted South Africa's first live user trial of Near Field Communication (NFC) technology on mobile phones in December, with 500 of the bank's staff members using the technology in a commercial environment.
Banking group Absa has successfully trained the first group of financial advisers through the Absa Insurance and Financial Advisor Academy, as part of its efforts to develop skills and create jobs in South Africa's financial services sector.
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.