Latest News for: Johannesburg finance

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South African bank secures continent’s ‘first green loan’

PV Magazine 06 May 2021
The International Finance Corp (IFC) today announced it will provide credit of up to $150 million to Johannesburg-based lender Absa Bank to finance renewable energy and climate change-related projects it what it labeled “Africa's first certified green loan.”.
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Tito Mboweni: Government’s preferential procurement doesn’t exclude whites

Independent online (SA) 05 May 2021
Johannesburg - Finance Minister Tito Mboweni has defended the government’s use of preferential procurement legislation to empower black businesspeople previously disadvantaged by apartheid at the Constitutional Court ... The Constitution also provides for national legislation must prescribe a framework within which such policies must be implemented.
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Mayor to probe R18m PPE corruption allegations at Joburg Property Company

Independent online (SA) 30 Apr 2021
Johannesburg - The City of Joburg mayor, Geoffrey Makhubo, is in receipt of a report from the Special Investigating Unit (SIU) on allegations of financial misconduct and corruption at the Joburg Property Company (JPC), especially related to the Covid-19 response expenditure.
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Gigaba has a few questions of his own about estranged wife Norma’s shocking testimony at ...

Independent online (SA) 28 Apr 2021
Johannesburg. Former finance minister Malusi Gigaba has reacted to the testimony given by his estranged wife Norma Gigaba at the Commission of Inquiry into State Capture on Monday. In a series of tweets, Gigaba shared his views on Mngoma’s statements. He wrote ... The affidavit still has to be mended,” said Mngoma at the time ... “I'm confused.
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SA’s GDP suffered contractions of more than 4% in 2020 - Mboweni

Independent online (SA) 28 Apr 2021
JOHANNESBURG - Finance Minister Tito Mboweni has warned that South Africa was unlikely to reach its 2019 output levels before 2023, as the economy fell into a deeper contraction last year ...Without faster growth, South Africa is unlikely to reach 2019 output levels before 2023,” Mboweni said ... siphelele.dludla@inl.co.za. BUSINESS REPORT .
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Red Cross at war with itself

Beijing News 23 Apr 2021
He praised his colleague Lindel Papiah, the finance manager, for her work in completing financial audits for three years and bringing the accounts up to date ... Papiah, originally the accountant in KZN, was moved up to Johannesburg in 2014 to take over national finances and was praised at the time for installing a new accounting system.
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Tito Mboweni appoints Kamlana to head financial sector authority

Independent online (SA) 22 Apr 2021
JOHANNESBURG - Finance Minister Tito Mboweni has appointed Unathi Kamlana as Commissioner of the Financial Sector Conduct Authority (FSCA) for a five year term from June 1, his department said on Thursday ... The finance ministry said Mboweni had also appointed Astrid Ludin as a deputy commissioner of the FSCA for five years, also commencing in June.
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Nedbank to stop funding new coal mines

Independent online (SA) 22 Apr 2021
JOHANNESBURG - Nedbank will stop financing new thermal coal mines from 2025 and cut direct funding of new oil and gas exploration projects with immediate effect, it said on Thursday amid growing pressure on banks from climate activists.
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Gigaba, Mngoma face-off at Zondo commission rescheduled

Independent online (SA) 10 Apr 2021
Johannesburg - The highly anticipated face-off between former Finance Minister Malusi Gigaba and his estranged wife Norma Mngoma at the Zondo commission has been rescheduled to next Tuesday ... to Gigaba when he served as minister of public enterprises and as minister of finance.
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How tech companies can help reverse talent erosion in rural communities

Business Day Online 08 Apr 2021
For decades, companies, especially tech providers, have followed a certain operational pattern ... The problem with concentrated resources in the urban landscape ... The same holds true for other industries in other cities as well (finance in London, New York, and Johannesburg, for example) ... Embracing a better way.
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Chamber of Mines calls for collaboration with WRCC to harness resources

B & FT Online 31 Mar 2021
Mr ... These pillars he said are ... He added ... We have taken a decision to build what we call the ‘Sekondi-Takoradi Financial Services Hub’, so that all these underpins can be built with financing. I am interested in the story of Johannesburg, and I believe we can easily do same without blinking an eye,” the regional minister added ... ....
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Bank of America boss Richard Gush expects M&A to rise

Business Day 28 Mar 2021
“We expect it to be a reasonably busy year from an investment banking perspective,” said Bank of America’s SA country executive, Richard Gush ... So the defensive work is mostly done ... The firm operates an office of 65 people in Johannesburg active in institutional equity trading and research, corporate finance, and debt and equity capital raising.
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Newly-elected CAF boss vows to improve African football

Sina 17 Mar 2021
JOHANNESBURG, March 16 (Xinhua) -- The Confederation of African Football (CAF) President Patrice Motsepe on Tuesday vowed to ... We need financing for the whole of the continent," he said at a press briefing in Johannesburg.
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National shutdown of universities to go ahead on Monday

Independent online (SA) 14 Mar 2021
This follows violent confrontations between police and students last week which claimed the life of a bystander outside the Wits campus in Johannesburg. The student union said it rejected Finance Minister Tito Mboweni’s decision - announced in his annual budget speech - to cut budgets and reduce university subsidies for higher education ... IOL .
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Impact of Covid-19 slashes R81bn from Gauteng GDP

Independent online (SA) 12 Mar 2021
Johannesburg - Gauteng Finance MEC Nomantu Nkomo-Ralehoko on Thursday announced that the province’s gross domestic product (GDP) shrunk by almost R81 billion from R1.1 trillion in 2019 to R1 trillion last year. Nkomo-Ralehoko was delivering the Gauteng Budget at the provincial legislature ... .
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