Revego Africa Energy Fund, an investor in South African renewable projects, is looking to raise as much as R1.5-billion by April with the industry poised to grow.
Vox has secured new debt facilities, lead-arranged by Investec and also involving Standard Bank and Rand Merchant Bank, to allow it to ramp up its deployment of fibre broadband infrastructure.
Under the terms of the proposed transaction, existing airtime lenders will provide R4.25-billion in new super-senior debt secured by a significant portion of Cell C’s assets, excluding spectrum, according to sources.
South Africa’s largest technology distribution group, JSE-listed Alviva Holdings, is in talks to acquire rival Tarsus, well-placed sources have told TechCentral.
Key South African data released this week suggests a record economic contraction in the second quarter as the damage wrought by a nationwide lockdown becomes clear.
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.
It’s not only the economy at stake. South African society is also at risk if the government extends a five-week lockdown without allowing more industries to get back to work.
Vox has more than doubled its planned roll-out of fibre broadband infrastructure and is now aiming for as many as 400 000 homes passed in the coming years, up from the 140 000 previously targeted.
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.
Samsung’s tap-and-pay service is coming to more banks. The company said on Monday that Samsung Pay will soon work for Investec and Discovery Bank account holders.