South Africa’s fading gold industry has a new champion as AngloGold Ashanti has sold its last remaining assets to Harmony Gold Mine.
Investec has cancelled mortgage bonds registered over 3,600 properties in 14 townships in Gauteng and the debt is being waived by the banker.
Investec Asset Management, which is on track to list as Ninety One in the first quarter of next year, pending shareholder approval, today announced the composition of its board of directors.
Investec Asset Management has unveiled its new name and branding in what it called “an important milestone to independence and a stock exchange listing”.
Investec Asset Management has further strengthened its investment team with the appointment of Rehana Khan as a co-portfolio manager in the SA Equity and Balanced strategies, with effect from January 2020.
Amid power outages of as long as 18 hours a day, Econet Wireless, Zimbabwe’s biggest mobile-phone operator, is turning to the Elon Musk’s Tesla for batteries that can keep its base stations running.
Investec plans to appoint former MTN executive, Philisiwe Sibiya, and ex-Bank of America investment banker, Henrietta Baldock, to its board.
In light of changes in its Irish business model brought about by Brexit planning in Ireland, Investec sold its Irish wealth management business to Brewin Dolphin.
Last week’s ousting of Sudan’s supposed president for life, 75-year-old Omar al-Bashir, is ushering in a raft of new democratic freedoms.
In South Africa, some big construction sites have become a battle ground as armed gangs try to disrupt building operations in the name of radical economic transformation often demanding a 30% stake in the construction project.