Pele Green Energy plans to expand its wind and solar projects in Africa after raising capital with the help of Investec, the South African and UK specialist bank.
Shareholders in telecommunications company Vox, including Rand Merchant Bank, have agreed to buy out fellow investor Investec as part of a R2-billion recapitalisation of the company.
Investec has demonstrated a digital identity system anchored in the ethereum blockchain that its believes could enhance trust and security in South Africa’s financial system.
Naspers is asking Investec to withdraw an analyst report that it says contains errors and has damaged Africa’s biggest company by market value and its shareholders. In a 22 January report, Investec analysts said the Cape Town-based