Financials and Investment News in South Africa

The City of Tshwane signs a payment arrangement plan to settle its R6.6 billion debt with Eskom
12/2/2024 - Eskom is pleased to announce that the City of Tshwane has signed a payment arrangement plan to settle its R6, 661 123 246. (Six billion, six-hundred and sixty-one million, one-hundred and twenty-three...
S&P Global Ratings upgrades Eskom’s credit ratings from stable to positive
11/27/2024 - Eskom welcomes the announcement by S&P Global Ratings (“S&P Global”) upgrading Eskom’s ‘B’ long-term global scale foreign and local currency ratings from stable to positive. S&P also affirmed Eskom’s ...
IFC Partners with Standard Bank and Rand Merchant Bank to Improve Local Currency Financing
11/26/2024 - IFC, a member of the World Bank Group, has partnered with Standard Bank and Rand Merchant Bank (RMB) to help expand local currency financing for private businesses across Africa.

IFC will c...
Shared Use Agreements Key to Junior Miners' Growth in South Africa
11/19/2024 - The adoption of shared use infrastructure agreements is crucial for supporting the growth of junior miners in South Africa’s critical minerals sector, according to Dumisani Kubayi, CEO of exploration ...
Teraco announces JB7 and a new R8 billion syndicated loan
11/13/2024 - Teraco, a Digital Realty company and provider of interconnection platforms and vendor-neutral colocation data centres, today announced that construction has commenced on a new hyperscale data centre w...
Teraco announces JB7 and a new R8 billion syndicated loan
11/13/2024 - Teraco, a Digital Realty company and provider of interconnection platforms and vendor-neutral colocation data centres, announced that construction has commenced on a new hyperscale data centre with 40...
AFD signs a EUR 6,5 million grant agreement to support the development of Tubatse Pumped Project
11/7/2024 - Eskom and Agence Française de Développement (AFD) signed a EUR 6,5 million (ZAR 125 million) grant agreement to support the public electricity utility in the development of its Tubatse Pumped Storage ...
Kinetiko Announces Correction to Appendix 3Y
11/6/2024 - Kinetiko Energy Ltd (Kinetiko or the Company) released an announcement on 1 November 2024 relating to a Change in Directors Interest Notice (“Appendix 3Y”).

The Appendix 3Y incorrectly noted...
Eco Atlantic Announces Notice of Annual General Meeting
10/22/2024 - Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company focused on the offshore Atlantic Margins in South Africa , Namibia , and Guyana , announces that the Annual General Meeting of the Co...
Notice of the Annual General Meeting of Sasol Limited
10/17/2024 - Notice is hereby given that Sasol's Annual General Meeting (AGM) will be held electronically via Sasol's electronic meeting platform at 09:00 on Friday, 15 November 2024, to transact the business stat...
DBSA, AIIB to co-host 5th Finance in Common Summit in South Africa
9/20/2024 - The fifth Finance in Common (FiCS) annual summit will take place on Feb. 26-28, 2025, co-hosted by the Development Bank of Southern Africa (DBSA) and the Asian Infrastructure Investment Bank (AIIB) in...
Eskom has attached Emfuleni Municipality’s bank accounts to recover R8 billion in arrear debt
9/11/2024 - Following a notice given on 2 July 2024 to the National Treasury and Emfuleni Municipality (Emfuleni), Emfuleni is no longer a beneficiary of the Municipal Finance Management Act (MFMA) 124 Debt Relie...
IFC Invests in the City of Cape Town to Boost Infrastructure and Inclusive Economic Growth
8/23/2024 - IFC today announced an investment in the City of Cape Town Metropolitan Municipality's infrastructure investment program to improve access to quality basic services for its population, especially low-...
IFC Vice President for Africa, Sérgio Pimenta, Visiting South Africa
8/21/2024 - Sérgio Pimenta, IFC's Vice President for Africa, is visiting South Africa this week from August 21 to August 23 to highlight IFC's commitment to supporting private sector development and job creation ...
AFDB’s SEFA for Africa approves $10m contribution to KawiSafi II clean-energy Fund
8/12/2024 - African Development Bank Group’s Sustainable Energy Fund for Africa approves $10 million contribution to KawiSafi II clean-energy Fund
SEFA is continuously investing in clean and affordable energ...
Africa’s Energy Sector to Litigate Banks & Financiers for Financial Apartheid in Oil and Gas Sector
8/8/2024 - The withdrawal of Western financial support from Africa’s oil and gas sector, coupled with delays in key projects due to lack of investment, threatens to undermine the continent’s energy development a...
Premier Invest Highlights Milestone Oil & Gas Financing Partnership with Shell
7/11/2024 - As an African-owned investment banking and advisory firm, Premier Invest is aiming to bridge Africa’s oil and gas financing gap through strategic partnerships in the sector.

Rene Awambeng, Ma...
Tower Resources Announces Issue of Warrants to Directors
7/1/2024 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa , announces the following issue of warrants to Directors and a consultant to the Company in lieu of fees.

...
Africa Oil Announces Results of Share Buyback Program
6/10/2024 - Africa Oil Corp. ("Africa Oil", or the "Company") is pleased to announce that the Company repurchased a total of 994,000 Africa Oil common shares during the period of June 3, 2024 to June 7, 2024 unde...
Tower Announces Subscription to raise £137,500 and Director's Dealings
6/6/2024 - Tower Resources plc, the AIM-listed oil and gas company focused on Africa , is pleased to announce a subscription for 1,195,652,174 ordinary shares of 0.001p each (the "Subscription Shares") at a pric...

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