The Editorial Team |

Barclays Reaches Target on Africa Stake as It Boosts Sale

JOHANNESBURG (Capital Markets in Africa) – Barclays Plc reached a long-term target for shrinking its stake in its African unit earlier than expected as the bank boosted the size of a share sale by more than 50 percent. The London-based lender is selling 285.7 million shares of Barclays Africa Group Ltd., equal to a 33.7 percent stake, at 132 rand each, it said in a statement on Thursday. The bank previously planned to sell a 22 percent stake…

`Gupta Leaks’ Emails Set to Show Family’s South Africa Influence

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JOHANNESBURG (Capital Markets in Africa) – Two South African news organizations plan to publish a series of stories about the influence of the Gupta family in the country after they obtained thousands of emails they say exposes dealings that allegedly include influence over government and state company decisions. Scorpio, the investigative unit of the Daily Maverick, and the amaBhungane Centre for Investigative Journalism have access to as many as 200,000 emails and other documents about the work…

Industry 4.0 and IoT: Transforming the Manufacturing Industry

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JOHANNESBURG (Capital Markets in Africa) – A massive change is coming in the way that manufacturing does business, ranging from the design and manufacturing of goods to how we service customers. Industry 4.0, otherwise known as the ‘4th Industrial Revolution’, along with IoT (Internet of Things) is central to digital transformation in the manufacturing industry. Creating a significant level of manufacturing agility is key to making it possible for customers’ needs, to be aligned with…

Catalyst acquires strategic interest in Kensta Group

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NAIROBI (Capital Markets in Africa) – Catalyst Principal Partners LLC (Catalyst) has announced its acquisition of a significant minority interest in Kensta Group (Kensta). Kensta Group is a 52-year-old third generation family business, with headquarters in Kenya and operations in five East African countries. Since inception, Kensta, through its various investments has played a pivotal role in the east African printing and packaging Industry and has been instrumental in changing the face of office automation…

Barclays Shares Surge After Report Suggests Africa Group Sale Imminent

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JOHANNESBURG (Capital Markets in Africa) – Barclays plc shares rose to the near top of the FTSE 100 Wednesday after a report from Sky News suggested the bank will announce the sale of a substantial stake in its troubled African division. The deal could raise around £1.6 billion ($2 billion) for the British lender while reducing its stake in the Johannesburg listed Barclays Africa Group from 51% to around 28%, Sky reported. Barclays stock rose…

Trouble Brews for OPEC as Expensive Deep-Sea Oil Turns Cheap

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LAGOS (Capital Markets in Africa) – Reports of deep-sea drilling’s demise in a world of sub-$100oil may have been greatly exaggerated, much to OPEC’s dismay. Pumping crude from seabeds thousands of feet below water is turning cheaper as producers streamline operations and prioritize drilling in core wells, according to Wood Mackenzie Ltd. That means oil at $50 a barrel could sustain some of these projects by next year, down from an average break-even price of about $62 in…

South Africa Posts Third Straight Monthly Trade Surplus in April

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JOHANNESBURG (Capital Markets in Africa) – South Africa recorded a surplus on its trade account for a third straight month in April as imports of equipment components decreased. The 5.1 billion-rand ($388 million) surplus with March’s revised 11.3 billion-rand surplus, the Pretoria-based South African Revenue Service said in an emailed statement Wednesday. The median of four economist estimates compiled by Bloomberg was for a surplus of 7.4 billion rand. A smaller trade gap eases pressure on the current account,…

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