SA still king of FDI in sub-Saharan Africa despite up-and-coming Ethiopia
After years of declines, Africa experienced growth in inflows of foreign direct investment last year, thanks to a revival of interest in South Africa.
After years of declines, Africa experienced growth in inflows of foreign direct investment last year, thanks to a revival of interest in South Africa.
Aspen Pharmacare’s infant formula business has drawn interest from companies including Reckitt Benckiser Group and Perrigo, as the largest African drugmaker evaluates options for the business.
When he occupied the corner office at Barclays Plc, American investment banker Bob Diamond seemed impregnable. That’s been inverted.
The PIC says it is forming a group of black investors to buy a stake in Barclays Africa in a bid to ensure the bank comes back under the control of South Africans.
The Public Investment Corporation is considering putting together a consortium of black investors to take a controlling stake in Barclays Africa.
The South Africa Reserve Bank isn’t comfortable with private equity companies owning stakes in the country’s lenders, says Deputy Governor Kuben Naidoo.
Barclays Africa, the lender being sold by its London-based parent, forecast that its credit-loss ratio will worsen as customers fall behind in loan repayments.
Bob Diamond has joined forces with US private equity group Carlyle to prepare a joint bid for the African banking operations being sold by Barclays.
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