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'Off to the races' for South African assets as Ramaphosa steps in

By: Bloomberg     15th February 2018 Stocks surged the most since December 2014, the rand rallied to a three-year high and bond yields fell to a level last seen more than two years ago as market favorite Cyril Ramaphosa took the helm of Africa’s most industrialized economy. “This is the Cyril bonus,” said Wayne McCurrie, the head of... 

Guptas target South African bank regulator over account closures

By: Bloomberg     10th November 2017 A group of companies linked to South Africa’s politically connected Gupta family said the country’s banking regulator encouraged lenders to shut their accounts, broadening a battle to retain the last of their banking services. The 20 businesses, which are suing Bank of Baroda’s local unit to keep... 

Nedbank urged by Minerals Minister to retain Guptas as clients

By: Bloomberg     13th December 2016 Nedbank Group said South African Mineral Resources Minister Mosebenzi Zwane urged the lender to reconsider its decision to sever ties with companies tied to the Gupta family, who are friends of President Jacob Zuma and in business with his son. Nedbank, in a letter to Oakbay Investments dated... 

Thabo Kgogo

By: Ilan Solomons     10th July 2015 This week we feature Dr Thabo Kgogo, the current CEO of oil and gas operating company SacOil, who started out in resources in onshore and offshore mining operations with diamond giant De Beers 

Tyhee Gold to buy majority stake in Sutter Gold

By: Henry Lazenby     5th July 2014 TSX-listed Tyhee Gold on Friday announced that it had struck a deal with RMB Australia and TSX-V-listed Sutter Gold Mining to acquire the shares of Sutter currently held by RMB and its affiliates. Vancouver-based Tyhee said subject to certain conditions, it would also acquire all of the Sutter... 

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