FirstRand ends funding of new-coal fired power stations with immediate effect
“FirstRand is ending funding of new coal-fired power stations immediately and will halt the financing of new projects to mine [it] over the next five years.”
“FirstRand is ending funding of new coal-fired power stations immediately and will halt the financing of new projects to mine [it] over the next five years.”
As announced on 22 June 2021, the Board accordingly confirms the appointment of Philip Hourquebie as Chair of the Investec Group, with effect from 05 August 2021.
Transaction Capital announced an accelerated book build raising over R1bn in order to finance control of WeBuyCars.
Absa, Investec and the Development Bank of Southern Africa indicated they could support a bid to supply emergency power to SA, reports Bloomberg.
The case filed by DNG Energy to provide about 1,220 megawatts by Aug ’22 in place of Turkey’s Karpowership won’t be heard until July at the earliest.
“Amazon is in the news with a $9bn bid to buy Hollywood studio MGM. This will be the group’s second biggest acquisition after Whole Foods,” says Alec Hogg.
Standard Bank reported a 51% decline in profit after taxes and other adjustments for the year through December, reports Bloomberg.
‘SA’s banking regulator eased guidance to lenders that they shouldn’t pay dividends and executive bonuses’, reports Bloomberg.
Fit-for-purpose lending solutions should serve as business enablers by allowing companies to access the right type of funding at the right stages.
Investec has announced the appointment of Richard Wainwright as an executive director and Stephen Koseff as a non-independent non-executive director.