The South African sovereign debt rating remained unchanged after government efforts to control the mining industry succeeded.
Tags: South Africa
Investec leads financing for South African power plants
Investec would coordinate lending facilities for two power plants to be built in South Africa. Investec Plc would provide financing for GDF Suez as it develops two South African gas power plants.
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.
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.
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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Nelson Mandela celebrated his 9th birthday on a hospital in Pretoria today. Nelson Mandela celebrated his 95th birthday in a hospital in the city of Pretoria, South Africa.
PetroSA was said to be considering the possibility of buying Petronas' controlling stake in Engen.
Cipla acquired Cipla Medpro South Africa. Cipla Medpro South Africa was delisted from the Johannesburg Stock Exchange as of July 16, 2013. This was after Cipla completed its acquisition of the company for US$512 million.
Eskom Holdings SOC Ltd would face US$25 billion funding gap even if it put its bonds on sale. Over the next five years, Eskom Holdings SOC Ltd would face US$25 billion funding gap.
Today, ADM was notified of an approved clearance by the South African Competition for its proposed acquisition of GrainCorp Limited.
Eskom Holdings SOC Ltd. struggled to plug an income gap worth ZAR191 billion. Eskom Holdings SOC Ltd. admitted that it was struggling for ways to plug an income hole of ZAR191 billion equivalent to US$19.
CFR Pharmaceuticals has embarked on a South African road show starting June 08. Chilean generic drug producer CFR Pharmaceuticals has embarked on a South African road show starting June 08.
BP of South Africa made a huge investment on youth education. "We need more of these types on investments so as to grow the pool of young people who could be university ready," said Dipuo Peters, talking about a recent investment made by South Africa's largest oil company, BP.
Wits Gold offered Great Basin Gold Ltd. ZAR 950 million though a stockholder loan for its Southgold unit.
