South Africa | - Part 46

South Africans Struggling to Meet Debt Repayments as Rules Change

In June 2016, close to75% of the average South African’s annual income was spent on debt repayment. As one of the world’s heaviest credit users – and with an economy in turmoil – it’s little wonder than many South African’s struggles to keep up with loan repayments, making the country home to the world’s most consumer debt in 2015. Times are as uncertain as ever for South Africa’s many millions of borrowers. While some take…

INTO AFRICA March 2017 Edition: Africa’s Lions: Trust in Fundamentals

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Welcome to March edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging capital markets. Please download by clicking: INTO AFRICA PUBLICATION: MARCH 2017 EDITION. Recent years have been challenging for Africa: so is the honeymoon over or did the wedding even take place? The oil price crash has had a serious impact on several African countries; the strength of the dollar is causing financing and FX issues; incidences of terrorism…

South Africa’s Nedbank slashes value of Ecobank stake

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa’s Nedbank booked a $293 million write-down on the value of its stake in sub-Saharan lender Ecobank on Tuesday and reported its slowest growth in annual profit since 2009. Ecobank Transnational Inc’s operations in central and west Africa are exposed to some economies that have been pressured by the commodity price slide and unfavourable currency swings since Nedbank bought a 20 percent stake for $500 million in 2014….

South Africa’s 2017 Budget Analysis: A tough and taxing year ahead – STANLIB

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Johannesburg (Capital Markets in Africa) – The South African Minister of Finance, Pravin Gordhan, delivered a tough budget for 2017/2018, highlighting the need for significant tax increases, especially on wealthier individuals, while at the same time endeavouring to contain government expenditure. Although the government’s fiscal parameters are expected to remain largely under-control over the coming year, there is a lack of new initiatives to meaningfully stimulate the economic growth of the country. Under these circumstances,…

South Africa’s Capitalworks to Acquire Aon’s Shareholding in 10 SAA Countries

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Capitalworks, a leading Africa focused and based private equity firm specialising in investing on the continent, is to acquire Aon’s shareholding in 10 employee benefit, insurance, and reinsurance brokerage operations in Angola, Kenya, Lesotho, Malawi, Mozambique, Namibia, Swaziland, Tanzania, Uganda and Zambia. The new entity will become Aon’s exclusive correspondent for these 10 countries and will be Aon’s largest exclusive global network correspondent on the African continent. The transaction will become…

Ethos-backed Twinsaver Group diversifies via acquisition of Validus Medical

Posted on by The Editorial Team

Johannesburg (Capital Markets in Africa) – The Twinsaver Group (Twinsaver), the manufacturer of branded tissue products in South Africa, today announced its acquisition of Validus Medical (Validus), a leading manufacturer of hygienic disposable products. The sale, which is subject to regulatory and Competition Commission approval, signals a new chapter in Twinsaver’s journey as it focuses on establishing the business as a diversified FMCG company. Speaking on the transaction, Garth Towell, CEO at The Twinsaver Group,…

Solar Capital Partner with Power Africa

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – In a bid to light up Africa, Solar Capital has partnered with a US government-led initiative, Power Africa. The US government launched Power Africa in 2013 to double access to electricity in sub-Saharan Africa by 2030. This vision is being achieved by bringing over 140 public and private sector partners together to help advance power sector deals. Power Africa aims to deliver 30000MW of electricity and to add 60…

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