African-focused investment firm Development Partners International is set to close the African Development Partners III Fund at a value of $900-million.
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Enoch Godongwana says topping his “to-do list” to bolster economic growth includes reforming the country’s electricity supply and assigning spectrum.
Altron has sold the two components of its People Solutions business to separate buyers, Dubai-based iSON Xperiences and South African consultancy LRMG.
The latest South African stock exchange opened on Thursday pledging to lure firms from across Africa with listing costs that are a third of that charged by the JSE.
Business Unity South Africa has criticised the lack of urgency by government in taking the hard decisions to create an environment for investment and growth.
Huge Group has abandoned its efforts to play a role in the future of Adapt IT. That much is clear after it emerged on Tuesday that it has sold its 1.9% stake.
Alviva has reported a 1% improvement in full-year revenue, though the number would have been “substantially” higher if it wasn’t for global shortages in semiconductors.
The selloff in the largest technology stocks is evoking memories of September 2020, when the Nasdaq 100 Stock Index tumbled nearly 13% over a three-week span.
A global surge in initial public offerings, especially in the technology sector, has so far eluded sub-Saharan Africa.
Tencent Holdings is set to lose its place among the world’s 10 largest companies by market value, leaving no Chinese names in the list.