Next week, Eskom will be paid the remaining balance from the bailout. Eskom CE Brian Molefe expressed frustration to learn that Finance Minister Pravin Gordhan announced that the funds will be withheld. Treasury informed that the fund will be transferred and is already being processed.
Tags: Investment
China's Real Estate Sector Contributes to The Country's Economy Amid Weak Exports and Economic Slowdown
China’s property market keeps on growing even amid the country’s economic slowdown and weak exports. The surge in the real estate sector is contributing positively to the country’s economy as a new economic driver.
General Motors Acquired Silicon Valley-based Cruise Automation, Aims to Integrate Autonomous Cars Software to Manufacturing
General Motors is moving forward to compete in the autonomous car markets. The giant automaker has acquired a driverless cars software maker, Cruise Automation, for reportedly more than $1 billion.
Silicon Valley Accelerator 500 Startups Allocated $10 Million Fund for Vietnam Startups
500 Startups is seeing a great potential in Vietnam, where more than half of its population are below the age of 30 and most adults are using smartphones. The Silicon Valley-based accelerator is preparing a $10 million investment fund dedicated for Vietnam startups.
Bitcoin Investment Startup Keza Announced Its iOS App Launch
Bitcoin investment startup Keza announced its iOS app launch, bringing the benefits of investing to more people regardless of their location. The service make use of the universality of Bitcoin to allow people make investments in global portfolios with various options.
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New South Wales Minister of Trade Stuart Ayres concerns on more needs of venture capital to raise start up business. He also said that venture capital is important, giving example on how US succeeded in using venture capital.
Usher and Robert Downey Jr. join a list of investors to help fund online learning platform MasterClass in its Series B round. In total, the round raised $15 million as the company plan to further expand its area of subjects as well as adding new instructors.
Ford announced that the company will devote more resources to develop semi-autonomous driving technologies, as they aim to invest triple the amount of investment in the technologies. Some of Ford's cars already have some semi-autonomous technology in them, as with the updated version of Ford Kuga unveiled along with the announcement.
Black Bear Diner had secured an investment from private equity fund PWP Growth Equity. The financial backing will be allocated to expand growth and coverage in new and existing markets. The restaurant plans to add new locations and grow to 155 restaurants in the U.S while retaining its unique concept.
The latest quarterly survey of Fenwick & West LLP found most Silicon Valley companies that raised venture funding in the fourth quarter of 2015 softened.
This year’s African economic summit was ended with calls to boost trade and investment on the continent. The conference aims to strengthen Africa’s place in the world economy through investment and to establish Egypt as a gateway for foreign investments.
Apple Inc is planning to increase investment in India. The company recently indicated that it is eyeing the second largest market in the world for long-term investment opportunities.
A startup offering online eye tests received a $6 million funding in a Series A round to help expand the coverage of its service as well as acquiring more advanced technologies. The company claims that their services are clinically proven and accurate, in addition to being more convenient and affordable.
One of India’s biggest drug maker, Cipla, has received the government’s approval allowing the company to carry out an investment agreement formed last year with Mauritius-based FIL Capital Investments. Cipla is one of the 10 companies which had their clearance while the government also rejected 5 other foreign investment proposals.
