As funding for start-ups falls across the globe, Africa is standing out as a notable exception.
Futuregrowth Asset Management, a South African fixed-income money manager with R193-billion of assets, is raising a fund to invest in start-ups.
Africa’s technology-dominated start-ups will continue to attract investment, even if at a slower pace, following record venture capital funding last year.
Despite efforts to make Eskom profitable, including a process of unbundling its divisions into separate entities, “the core problem of debt” has yet to be addressed, Futuregrowth Asset Management has said.
South African payments company Yoco has raised about R1.2-billion from top investors in a series-C funding round as demand grows among small businesses for its digital payments tools.
South African Uber competitor Zebra Cabs has just secured R300m in funding from Futuregrowth Asset Management as the battle of the Internet hailing apps hots up. SA Taxi, which owns the Zebra Cabs owner-driver scheme, said on
As South African finance minister Pravin Gordhan tries to fend off a police investigation, his department is engaged in open conflict with key state-owned companies over their management and spending plans. Threatened court action by the national
Denmark’s Jyske Bank became the second money manager to say it won’t lend to Eskom after the nation’s biggest specialist fixed-income manager said it had stopped extending credit to state-owned companies amid
Long-troubled technology group Gijima looks set to delist from the JSE after chairman Robert Gumede’s Yebo Guma Investments made an offer on Tuesday evening to buy out the remaining minority shareholders. Guma has
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