Harith General Partners eyes FlySafair after attempt to buy SAA crashed
Pan-African infrastructure investor Harith General Partners has announced plans to acquire South African low-cost airline FlySafair. This marks their second effort... Read more.
Vukile Property Fund’s commuter shopping centres drive growth
Specialist retail real estate investment trust, Vukile Property Fund, has reported gradual growth in festive season trading across its local retail portfolio. The... Read more.
R2.8bn Bidvest Bank sale to Nigeria’s Access Bank falls through
The planned R2.8-billion sale of Bidvest Bank to Nigeria-based Access Bank has been terminated after certain contractual conditions were not met by the agreed long... Read more.
Orion secures R4bn Glencore funding to build Prieska copper-zinc mine
Orion Minerals has secured a $250-million (about R4-billion) funding agreement with commodities giant Glencore to advance the development of its copper and zinc... Read more.
Hyprop sells half of its Woodlands Boulevard shares, pockets R750m
Hyprop Investments, a Real Estate Investment Trust specialising in high-quality shopping centres, has sold half of its stake at Woodlands Boulevard shopping centre... Read more.
Namibia’s demand for extra dam ‘a tall order’
A transboundary water expert has warned that construction of a possible additional storage dam on the Orange River, to allow for the continuation of Phase 2 of the... Read more.
Discovery buys Sandton head office building from Growthpoint for R4bn
Financial services firm Discovery has moved to acquire part of its Sandton head office at R4-billion, while cancelling the lease of the second phase. The Grove and... Read more.
Retail chain Boxer gains market share in difficult consumer climate
Boxer Retail has delivered steady sales growth in the first three quarters of its financial year. This comes as the discount grocery chain navigated a difficult... Read more.
Phakamile Hlubi-Majola moves to MISA after Numsa exit amid death threats
Unionist Phakamile Hlubi-Majola has found a new home at the Motor Industry Staff Association (MISA) after a recent departure from the National Union of Metalworkers... Read more.
Debt crisis overwhelms high-earners, older people the most affected
South Africa’s higher earners group is facing severe financial strain as debt servicing has reached unsustainable levels. These findings are contained in DebtBusters’... Read more.
