South Africa | CEO Business Africa

Agricultural company Agrarius lists first Shari’ah-compliant sustainability-linked Sukuk on JSE

October 28, 2022October 28, 2022

SOUTH AFRICA – Agrarius Sustainability Engineered (Agrarius), has listed as Africa’s first Shari’ah-compliant sustainability-linked Sukuk (Sukuk) on the Johannesburg Stock Exchange (JSE). Agrarius is a Polish company which has been introducing products for agricultural and horticultural crops to the market since 2006. The listing of the Sukuk constitutes the inaugural issuance by the Company under its ZAR10 billion (US$551.5m) Shari’ah compliant sustainability-related asset…

Heineken goes green with official launch of solar power plant in South Africa

October 28, 2022October 28, 2022

SOUTH AFRICA – In line with its pursuit of brewing a better world, Heineken South Africa has officially launched its recently installed solar power plant at its Sedibeng, Midvaal brewery. The plant boasts of 14,000 panels having a significant 6.5MW of power, targeted to provide 30% of the brewery’s electricity demand. Unlike many solar plants in South Africa constructed in…

VC firm SAVCA appoints Tshepiso Kobile as Chief Executive Officer

October 27, 2022October 27, 2022

SOUTH AFRICA – The Southern African Venture Capital and Private Equity Association (SAVCA) announced the appointment of Tshepiso Kobile as Chief Executive Officer, effective 1 November 2022. Kobile succeeds Tanya van Lill, who served SAVCA for over five years. SAVCA Chairman Lelo Rantloane says that after a rigorous recruitment and interview process, Kobile was found to be the strongest candidate…

VC firm Hlayisani Capital acquires minority stake in Tractor Media Holdings

October 25, 2022October 25, 2022

SOUTH AFRICA – Hlayisani Capital, a private equity and venture capital firm, has announced that it has bought a minority stake in Tractor Media Holdings, one of South Africa’s leading digital outdoor media owners. Hlayisani Capital said the funds will be channelled towards the acceleration of Tractor’s aggressive digital out of home (DOOH) growth strategy. The funds will also allow…

AI solutions provider Spatialedge acquires startup Cape AI

October 21, 2022October 21, 2022

SOUTH AFRICA – South African startup Cape AI has been acquired by an AI solutions provider Spatialedge in order to scale its offering that makes such solutions available to large enterprises across Africa. Founded in 2019 by Pieter Boon and Adit Mehta, Cape AI helps businesses grow by enabling them to make smart decisions through the use of AI technology.…

Healthtech startup Strove closes seed round to accelerate its software development

October 17, 2022October 17, 2022

SOUTH AFRICA – Strove, a health technology start-up, has concluded its most recent investment round, which was headed by a venture capital (VC) fund from Japan called Lifetime Ventures, to grow its operations. The capital raise would assist the acceleration of software development as the team continues to create its platform for holistic wellbeing. “We are excited to have closed…

Systems integrator +OneX acquires South Africa’s solutions provider EUCafrica

October 14, 2022October 14, 2022

SOUTH AFRICA – +OneX, the new-age solutions and systems integrator, has acquired South Africa’s leading Citrix on Azure solutions provider, EUCafrica, as part of its strategy to build a group that can deliver end-to-end digital transformation solutions to enterprise clients. The acquisition strengthens +OneX’s capabilities in end-user computing by adding one of South Africa’s leading specialists in the desktop-as-a-service and…

Neobank Be Mobile Africa launches EUR & USD accounts for African businesses

October 11, 2022October 11, 2022

SOUTH AFRICA – Be Mobile Africa, a neobank that provides affordable banking services, has announced the launch of their new multi-currency business banking platform for businesses in Africa. The platform will enable customers to apply for and open USD and EUR business accounts within 48 hours, without the need to visit a bank branch in person. The neobank’s new service…

Equity investor Sakhumnotho Group Holdings acquires minority stake in SA based citrus, grapes farm

October 11, 2022October 11, 2022

SOUTH AFRICA – South Africa-based equity investor, Sakhumnotho Group Holdings, has acquired a 25% stake in Boschkrans farm, a producer and exporter of citrus and table grapes. The orchard is located on about 500 ha alongside the Olifants river, outside Groblersdal in the Limpopo province of South Africa’s Loskop Valley. Boschkrans exports over 112,000 tonnes of fruit to more than…

Pan African Resources concludes acquisition of Mogale Gold and Mintails Mining SA

October 6, 2022October 6, 2022

SOUTH AFRICA – Pan African Resources PLC, a mid-tier African-focused gold producer, has announced that it has concluded its acquisition of Mogale Gold Pty Ltd and Mintails’ SA Soweto Cluster Pty Ltd. The Rosebank-headquartered gold producer entered into agreements to buy these mines from Mintails Mining SA Pty Ltd for ZAR50.0 million (US$2.8m), in November 2020. Mintails Mining SA, which…