The Editorial Team |

South Africa’s Key growth areas for Private Equity in 2017

JOHANNESBURG (Capital Markets in Africa) – With the International Monetary Fund predicting 0.8% GDP growth for South Africa in 2017, it is clear that there is a critical need to find an effective model outside of the public and listed company sectors to fund the projects required to stimulate growth. According to Paul Boynton, CEO of Old Mutual Alternative Investments, one of the most underutilised opportunities to drive economic growth in South Africa is through…

Futuregrowth invests R300m in South Africa’s SA Taxi

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JOHANNESBURG (Capital Markets in Africa) – SA Taxi today announced that it has secured R300-million in funding from Futuregrowth Asset Management, which will be used to provide financing to the company’s Zebra Cabs owner-driver scheme. SA Taxi, South Africa’s largest financier of minibus taxis, acquired Zebra Cabs metered taxis in 2015 as the certified developmental credit provider sought to expand its business activities into relevant adjacent markets. Mark Herskovits, SA Taxi Capital Markets Director, explains…

Africa is still a difficult region for paying taxes – PwC

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JOHANNESBURG (Capital Markets in Africa) — Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on business, according to the latest edition of Paying Taxes 2017, a report by the World Bank Group and PwC (www.PWC.com). Download the report: http://www.APO.af/PwC Released today, the report finds that the Total Tax rate decreased by 0.1 percentage points to 40.6 percent; time to comply declined by 8 hours to 251…

Tanzania’s Vodacom files prospectus for share offering

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DAR ES SALAAM (Capital Markets in Africa) – Vodacom Tanzania, part of South Africa’s Vodacom Group, has filed a prospectus with Tanzania’s capital markets regulators for an initial public offering (IPO), the company’s managing director told Reuters on Monday. Tanzania’s biggest mobile phone operator filed its application for an IPO with the state-run Capital Markets and Securities Authority (CMSA) and Dar es Salaam stock exchange (DSE) on Friday, managing director Ian Ferrao said in a…

Expecting the unexpected: A post-Brexit world

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LONDON (Capital Markets in Africa) – The Brexit vote and the election of Donald Trump mark the rise of nationalism and risk intensifying the politics of fragmentation in the European Union. A new report by Amundi Asset Management and CREATE-Research shows how investors are adapting to the post-Brexit world. Its main focus is on political risks, asset allocation and product innovation. One of its conclusions is that investment processes need to go well beyond financial…

Nigeria Capital Markets Update Week Ending Nov 25 2016

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Equities Market Review and Outlook The All Share Index (ASI) closed in the red for the 6th consecutive week as the broader index depreciated on four of five trading days. The week started on a negative note as the NBS published its Q3:2016 GDP report on Monday, indicating a further contraction in domestic output in Nigeria. Meanwhile, an expectation of the outcome of the MPC meeting held from Monday to Tuesday kept market soft on…

Fitch keeps S.Africa’s investment-grade rating but cuts outlook to negative

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JOHANNESBURG (Capital Markets in Africa) – Ratings agency Fitch affirmed South Africa’s investment-grade credit rating at one notch above ‘junk’ on Friday but changed its outlook to negative from stable, warning that political risks could hurt growth. With the economy expected to grow by only half a percent this year, South Africa has been racing to avert a downgrade of its sovereign debt to sub-investment status, which would raise its borrowing costs and deter investment. Africa’s…

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