South Africa’s ABSA Bank has just raised a five year $100 million Special Facility Agreement with the China Development Bank (CDB). This is the first major transaction between the two lenders and is geared towards providing funding to Small and Medium Enterprises (SME). ABSA said in the statement that the […]
Elliot International said it has taken up 5.04% in BHP Billiton. Elliot International made known the stake in a latest regulatory filing. About BHP BHP Billiton is among the world’s top producers of major commodities including iron ore, metallurgical coal, copper and uranium. We also have substantial interests in oil, […]
For the first six months, Standard Bank Group said that its interest income for the first half of the year outside of South Africa (its country of origin) crashed by 46%. Interest income for the rest of Africa fell to ZAR96 million compared to ZAR177 million posted in the year […]
Afrocentric Investment Corp Limited has disclosed the resignation of Gawie Erasmus from the company as an executive director and chief executive officer of Pharmacy Direct Proprietary Limited with effect from 31 August 2017. The company said in a statement that “The Board thanks Gawie Erasmus for his contribution to the […]
Lycamobile, a mobile virtual network operator (MVNO), has announced that the company has partnered with Cell C and will begin rolling out its services in South Africa. With the South African development, Lycamobile has expanded its global network reach to 23 countries worldwide and the roll out marks the firm’s first […]
Sygnia Limited said it will be raising about ZAR160 000 000 through the issue of 17 777 778 ordinary shares at a price of R9.00 per Rights Offer Share in the ratio of 12.95964 Rights Offer Shares for every 100 Sygnia ordinary shares (“Ordinary Shares”) (“the Rights Offer”) held as […]
Trencor Limited said it has appointed Hennie Van Der Merwe as its new chief executive officer in replacement of Jimmy McQueen who has just retired as the chief executive officer and chairman of the board. Trencor said as Hennie Van Der Merwe steps in, Jimmu McQueen will remain on the […]
Erin Energy corporation in its financial report for the second quarter of the year reported a net loss of USD98.6 million compared to USD22.6 million reported same period in the year 2016. The company ended the period with USD14.5 million revenue in contrast to USD23.5 million dollar posted in the […]
Greenbay Properties said it has increased its capital base to 4.5 billion through a share placement on the Johannesburg Stock Exchange, JSE. The capital raising was done through the sales of 2.2 billion units of shares at ZAR1.97 per share and sales of 86.7 million shares at EUR0.126.
Pallinghurst Resources said it has sent a compulsory acquisition notice to Gemfields. The company said Gemfields’ shareholders have not accepted its offer of acquisition.