Tag: South Africa

Exxaro deploys solar to power coal operations in Limpopo

Frank

SOUTH AFRICA –  Coal mining giant, Exxaro Resources Limited, through its wholly-owned renewable energy subsidiary, Cennergi, is developing the 70MW Lephalale solar project that will supply renewable energy to the Grootegeluk Complex, the integrated coal operations owned by another subsidiary of Exxaro, Exxaro Coal (Pty) Ltd, reports Renew Africa. “Exxaro Coal and Cennergi have concluded a term sheet setting out material terms upon which the PPA will be concluded. This is a significant strategy development milestone, which constitutes a major step towards implementing Exxaro’s decarbonization plans and progress in the Just Transition journey…

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AIIM celebrates completion of 6 solar plants in South Africa

Frank

SOUTH AFRICA – Leading African infrastructure equity investment manager, African Infrastructure Investment Managers (AIIM), recently celebrated the achievement of Commercial Operation of the last of six solar PV projects awarded under Round 4 of the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP). The Projects, situated in the Northern Cape and North West Provinces, form part of a broader portfolio of renewable assets managed by EIMS Africa. EIMS Africa is owned by the IDEAS Fund, an AIIM-managed fund, and constitutes one of the largest South African-owned renewable energy portfolios in the market and…

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Imperial and Sasol ink pact to co-develop hydrogen mobility ecosystem

Frank

SOUTH AFRICA – Imperial Logistics (Imperial) and Sasol South Africa (Sasol) have entered into an agreement to collaborate in exploring options and solutions for improving freight sustainability and efficiency in Southern Africa. The two companies will also be evaluating potential cross-border collaboration. Sasol’s aspiration is to play a leading role in the co-creation and development of hydrogen ecosystems, which aims to decarbonize hard to abate sectors such as transportation, using green hydrogen produced at its operations facilities leveraging existing process equipment and proprietary technology. Decarbonizing heavy-duty long-haul trucking using fuel…

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The Foschini Group acquires Flat Circle team to sharpen digital offerings

Frank

SOUTH AFRICA – TFG Labs, the new technology arm of local retail chain The Foschini Group (TFG), has completed the talent acquisition of the Flat Circle team, a specialist mobile app development agency based in Cape Town. Launched in 2021, TFG Labs has the mandate to attract the continent’s best tech talent, as the retailer invests significantly in technical capabilities to accelerate its digital strategy. The tech division aims to attract tech talent to develop software and solutions that will redefine the customer shopping experience and reshape TFG’s omnichannel capabilities, said the…

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Canal+ buys once again ups its stake in MultiChoice

Frank

SOUTH AFRICA – Groupe Canal+, the pay-television operator owned by French media conglomerate Vivendi, has once again increased its stake in DStv parent MultiChoice Group, taking its shareholding to 15%. MultiChoice disclosed in a regulatory filing that the French company has increased its stake from 12% to almost 15.4%. In 2020, Canal+ began snapping up shares in the Johannesburg Stock Exchange-listed MultiChoice, prompting speculation about its intentions and fuelling a rally at the time in the DStv operator’s share price. “As a publicly held company, MultiChoice regularly engages with its strategic…

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DSV inaugurates the largest integrated logistics center in Africa

Frank

SOUTH AFRICA – DSV, a Danish transport and logistics company, has inaugurated the new Gauteng headquarters in South Africa, DSV Park Gauteng, which is Africa’s largest integrated logistics centre. With this centralised facility, DSV will be able to provide more seamless service to customers who are an integral part of creating a strengthened and more efficient logistics network in South Africa. DSV has consolidated its Gauteng operations in South Africa into a new, centralised facility which is the largest of its kind in Africa, situated near O.R. Tambo International Airport…

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Chipper Cash launches with free P2P money transfers in South Africa

Frank

SOUTH AFRICA – Chipper, a fintech start-up that facilitates free peer-to-peer (P2P) money transfers and instant cross-border payments in Africa, officially launched Chipper Cash to offer domestic P2P money transfers in South Africa. Chipper Cash will enable South Africans to enjoy free unlimited instant domestic money transfers, invest in cryptocurrencies, and buy and send airtime and data to loved ones. Chipper was founded in 2018 by Ham Serunjogi (CEO) and Maijid Moujaled (President) and it is headquartered in San Francisco, USA. As Chipper Cash is experiencing rapid user adoption, Chipper has…

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Fintech Finclusion acquires payroll software startup HelloHR

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SOUTH AFRICA – Just days after raising US$20 million from Lendable, Finclusion Group has acquired HelloHR, a South African payroll software startup, in a move that will allow Finclusion Group provide holistic financial wellness products through employers, access to its wage-streaming, financial wellness and insurance products. In a press statement, Finclusion Chief Executive Officer Timothy Nuy said the acquisition marks the start of a symbiotic partnership that enhances both companies’ individual product offerings. “HelloHR will contribute to the Finclusion Group platform, strengthening all offerings through improved customer experience and increased customer…

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Africa Data Centres unveils its latest world-class data center at their Midrand Campus in Johannesburg

Frank

SOUTH AFRICA – Africa Data Centres, the only pan-African network of interconnected, carrier-and cloud-neutral data centres on the continent, has completed its new Johannesburg data centre, based in its Midrand Campus which is one of the largest in Africa.  This state-of-the-art facility, designed with the latest global standards is the ideal location for technology companies and enterprises to secure IT infrastructure in an interconnected environment. This ultra-modern facility continues to strengthen the leading position that Africa Data Centres has in the South African market. The new hyperscale data centre is…

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Telkom SA plans separate listing of subsidiary on the JSE

Frank

SOUTH AFRICA – Telephony group Telkom is seeking a separate listing of its Swiftnet masts and towers business on the Johannesburg Stock Exchange (JSE) as it seeks to unlock value for shareholders. The telecommunications group, which is about 40% owned by the government, confirmed in a statement to shareholders that will seek a separate listing for Swiftnet, the masts, and towers business held by subsidiary Gyro. Notifying shareholders, Telkom says unlocking value from the group’s portfolio of businesses is a key component of its financial framework, and it will afford management flexibility…

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