Singapore state investor Temasek Holdings and E Oppenheimer & Son, the investment holding company of South Africa's Oppenheimer family, have set up a USD 300mn private equity fund to invest across Africa, the Reuters news agency reported. Both parties will reportedly invest USD 150mn each in the 50-50 joint venture named Tana Africa Capital. The fund will target Africa's growing young population and also focus on agricultural production and processing of farm produce, Reuters reported. |
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more