Showcasing India – South Africa Business Co-operation
Indian billionaire Anil Agarwal is planning to increase its investment in Anglo American (LON:AAL) by as much as 1.5 billion pounds ($2 billion), which would make him the biggest shareholder in the diversified miner. The acquisition of further shares will
South African insurance companies are not seeing a lot of growth in their home market. The weak economic environment and restrained household spending mean that there’s not a great deal to get excited about. All of the big South African
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
Arcelor Mittal South Africa, the embattled subsidiary of Indian steel magnate Lakshmi Mittal’s global steel empire, may get a lifeline from its empowerment partner Likamva Resources which is willing to increase its stake in Africa’s biggest steel producer. Arcelor Mittal
South Africa-based Internet and media group Naspers is looking to exit a five-year old investment it made in B2B travel platform Travel Boutique Online (TBO), people directly familiar with the matter said. Naspers is said to have approached online travel
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
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
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
Zachariah George has had quite the life so far, from India to Wall Street via the Middle East. Now, he is focused on backing African tech startups. George, who was born in India but grew up in the Middle East,
South Africa can learn a lot from India, its fellow BRICS member, which has achieved an average GDP growth rate of 8% in recent years and is one of the most popular destinations for foreign direct investment in the world.