South Africa

BRICS countries to create fund for financial shocks

Brazil, Russia, India, China and South Africa have all agreed to create a USD100 billion fund as buffer for financial shocks.

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South African Airways, TAM Airlines ink codeshare agreement

South African Airways and Brazil's TAM Airlines signed a codeshare agreement to increase travelers' access to destinations in both countries.

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Investec leads financing for South African power plants

Investec would coordinate lending facilities for two power plants to be built in South Africa.

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South Africa's Seven Sisters inks deal with Wal-Mart, ends apartheid legacy

Wal-Mart Stores Inc signed a deal to import South African wine label Seven Sisters in an agreement that ended the legacy of apartheid.

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Actis announces acquisition of Paycorp from Transaction Capital

Private equity firm Actis announced its acquisition of Paycorp, a South-African payments business for USD 95 million.

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Capitalworks raises more than ZAR 2.7 billion in six months

Capitalworks, a private equity firm based in South Africa, announced it was able to raise ZAR 2.7 billion in six months.

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Microsoft South Africa funds cheapest broadband for poor communities

Microsoft would use solar power and white space for the cheapest broadband in South Africa.

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7 Countries where Windows Phone outsell iPhone

According to IDC, there were seven countries where Windows Phone outsold the iPhone.

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Nelson Mandela 'steadily improving'

Nelson Mandela celebrated his 9th birthday on a hospital in Pretoria today.

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PetroSA considers purchasing Petronas’ stake in Engen

PetroSA was said to be considering the possibility of buying Petronas' controlling stake in Engen.

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Cipla acquires Cipla Medpro South Africa

Cipla acquired Cipla Medpro South Africa.

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Eskom can't fill US$25 billion worth funding gap

Eskom Holdings SOC Ltd would face US$25 billion funding gap even if it put its bonds on sale.

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ADM gets clearance for GrainCorp acquisition

Today, ADM was notified of an approved clearance by the South African Competition for its proposed acquisition of GrainCorp Limited.

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Eskom grapples to plug ZAR191 Billion income gap as profit plunges

Eskom Holdings SOC Ltd. struggled to plug an income gap worth ZAR191 billion.

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Chilean Pharmaceutical Company Plans to Expand Big in South Africa

CFR Pharmaceuticals has embarked on a South African road show starting June 08.

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