Browsing: Nedbank Capital

Nedbank Capital has acquired a 32,9% stake in cellular service provider GloCell in a private equity transaction for an undisclosed sum. GloCell is one of South Africa’s largest distributors of prepaid cellular airtime. It connects about 4m mobile users on behalf of the

Convergence Partners, the communications technology investment management firm controlled by businessman Andile Ngcaba, has signed a R400m long-term funding deal with Nedbank Capital. The facility will be used by Convergence Partners Investments, the vehicle that

Construction on Eskom’s Sere wind farm in the Western Cape is well under way but its purported ability to produce electricity at a far cheaper price than independent power producers (IPPs) has raised questions about the repercussions for the fledgling renewables industry in South Africa