Clean energy firm attracts US investor
US-based Denham Capital, a leading energy-focused global private equity firm, has announced an equity investment of US$150-million in BioTherm Energy, a South African developer, owner and operator of renewable and clean energy generation projects.
Vodafone in R22bn Vodacom deal
Telkom has announced the sale of a 15% stake in cellular operator Vodacom, worth R22.5-billion, to multinational cellular operator Vodafone. The deal, one of South Africa's largest recent foreign direct investments, will also see Vodacom becoming one of the largest South African companies listed on the JSE.
Absa, Western Union offer cash transfers
South Africa's largest retail bank has partnered with Western Union to roll out the US financial services company's money transfer services in selected branches countrywide, making it easier for Absa customers to send and receive money internationally.
Auto parts suppliers in R1bn investment
Volkswagen South Africa has attracted six vehicle component manufacturers to invest approximately R1-billion in new operations in the Eastern Cape, to enable the automaker to take advantage of opportunities presented by the new Automotive Production and Development Programme.
ExecuJet expands Cape Town base
The local arm of multinational aviation group ExecuJet is to become the anchor tenant at a new R250-million aviation and business centre at Cape Town International Airport.
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