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Banking

Centrum Capital acquires FirstRand’s microfinance operations

Centrum Capital acquires FirstRand’s microfinance operations

Centrum Capital is acquiring FirstRand Bank’s (FRB’s) microfinance business. The move is part of Centrum’s strategy to boost lending operations focused on retail and small & medium enterprises (SMEs). The acquisition will help the non-banking finance company Centrum, which has

1st Nov 20171st Nov 2017 Banking, Investment, News Read more

New BRICS bank plans $1.5 bln lending for South African projects

New BRICS bank plans $1.5 bln lending for South African projects

A New Development Bank (NDB) set up by the “BRICS” group of emerging economies plans to lend $1.5 billion to South Africa for infrastructure projects over the next eighteen months. The BRICS – Brazil, Russia, India, China and South Africa

18th Aug 2017 Banking, Investment, News Read more

Bajaj Finance to buy 11% stake in South African Funded Payment Platform Mobikwik

Bajaj Finance to buy 11% stake in  South African Funded Payment Platform Mobikwik

Mobile wallet company Mobikwik has sold 10.83% stake for Rs 225 crores (approximately $35.34 million at current rates) to Bajaj Finance. In a BSE filing, Bajaj Finance said it has entered into a subscription agreement with One MobiKwik Systems. Mobikwik

8th Aug 2017 Banking, Investment, News Read more

PayU backed by Naspers rolls out UPI app

PayU backed by Naspers rolls out UPI app

Global payments gateway PayU is now a part of the Indian government-backed Unified Payments Interface (UPI) platform. PayU India has launched its own UPI app that was in the pilot stage for three months, ET reports. The app is already

2nd Aug 20172nd Aug 2017 Banking, Investment, News Read more

Financial Planning

Financial Planning

In a recent survey conducted by India Connect it was found that the challenges faced by Indian Companies in South Africa mostly related to administrative issues such as short term insurance and matters involving staff benefits such as medical aid. Some

20th Jul 201717th Aug 2017 Agriculture, Automotive, Banking, Energy, Food Processing, Health, Hospitality, Insurance, Investment, Mining, News, Pharma, Profiles, Retail, Technology, Transport Read more

India on a mission to counterbalance China’s growing influence in Africa

India on a mission to counterbalance China’s growing influence in Africa

The recently concluded African Development Bank (AFDB) annual meetings in India saw a refocus of attention on India-Africa relations. Rapid growth in engagement between India and Africa in recent years has been overshadowed somewhat by the considerable attention given to

5th Jul 2017 Banking, Investment, News Read more

Money in Swiss banks: India behind South Africa

Money in Swiss banks: India behind South Africa

India was placed at 75th position in 2015 and at 61st in the year before that, though it used to be among top-50 countries in terms of holdings in Swiss banks till 2007. The country was ranked highest at 37th

3rd Jul 20173rd Jul 2017 Banking, News Read more

BRICS Bank to focus on infrastructure projects

BRICS Bank to focus on infrastructure projects

The New Development Bank (NDB, BRICS Bank) during the coming five years will focus on financing sustainable development and infrastructure projects, the Bank’s Strategy for 2017-2021 reads. The bank “will mobilize resources for infrastructure and sustainable development projects in BRICS

3rd Jul 2017 Banking, News Read more

Bank of Baroda South Africa CEO Agarwal Has Died

Bank of Baroda South Africa CEO Agarwal Has Died

Sanjay Agarwal, the chief executive officer of Bank of Baroda’s South African unit, has died. “The South African Reserve Bank is aware of the passing away of Bank of Baroda CEO, Mr. Sanjay Agarwal, and conveys our sympathies to his

2nd Feb 20172nd Feb 2017 Banking, News Read more

Selection of Business Listings

  • Oriental Fubber Industries
  • Tata Consulting Engineers Limited
  • Praj Industries Limited
  • Mc Nally Bharat Engg
  • Synthetic Polymers Limited
  • Jet Airways
  • Motherson Sumi Systems Ltd
  • Braybar Pumps (Pty) Ltd
  • Tata Africa Holdings(SA) (Pty) Ltd
  • Zee TV South Africa (Pty) Ltd
  • Tech Mahindra Limited
  • Extrupet (Pty) Ltd
  • Sun Pharma
  • CIPLA SA
  • Jindal Africa Investments (Pty) Ltd

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