Browsing All posts tagged under »investment«

Too much murk in dealings by the PIC

May 27, 2018

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Are Cosatu-affiliated trade union investment companies, under the umbrella of Cosatu Investments, in line to be helped by Pubic Investment Corporation (PIC) to a R15 billion debt funded share deal? It's an important question following the disclosure of slide presentation featuring an apparently unlisted Rothe Consortium headed by "Cosatu Investments" and involving R15bn in Vodacom shares.

Unions demand pension fund answers

November 2, 2017

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South African public sector unions, notably the PSA, are demanding a full account of investments made in unlisted entities apparently to promote Black Economic Empowerment, a "list of politically connected persons" involved and union seats on the PIC and other boards.

Looming battle about SA state pension funds

October 1, 2017

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The South African government and its ailing state owned enterprises certainly have their eyes on Africa's largest pension fund pot. And assurances by finance minister Malusi Gigaba that there will be no attempt to raid the funds have so far failed to allay fears.

Why SA is no more ‘the gateway to Africa’

March 18, 2013

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In what must be seen as a major wake-up call, some mining analysts rank the current potential of crisis-wracked Zimbabwe higher than that of South Africa. So why is SA no longer perceived as the investment "gateway to Africa"?

Union move to save SA steel industry

March 3, 2013

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South Africa's metalworkers' union invesment company is making moves to obtain a major stake in the local steel sector as part of a strategy to halt “continuing de-industrialisation” in the coal and iron ore rich country.

Less gold at SA’s rainbow end

January 28, 2013

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Once upon a time and not very long ago, South Africa, as the continent’s largest economy and with a first-world banking and financial sector, was regarded as the potential gateway to investment in Africa. This is no longer the case: investors are tending to look north, to Ghana and even Zambia.

End of the “rainbow nation” fairy tale

November 6, 2012

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The last remnants of the South African fairy tale were put to rest in London’s influential Frontline Club in October. A packed audience comprising mainly media workers and more than a handful of public relations and investment advisers clearly concluded that the rainbow nation was no more than a myth. Yet, once upon a time, and not very long ago, when concerned investment groups started casting about to find somewhere outside of the industrialised world to increase the size of their cash piles, they looked to South Africa.