Unpopular NEF, IDC merger may hold back black empowerment

Politicians love power. In fact, they thrive on amassing more power. Whenever politicians amalgamate bureaucratic institutions, the motive behind such a move is usually to consolidate and amass political power rather than to improve the efficiencies of the institutions that are being merged.

This is why mergers that are driven by politicians raise eyebrows, especially when they are often not supported by solid business rationale, but by hidden political agendas. 


Merchant bankers take entrepreneurial plunge

When Sibusiso Mabuza was around eight years old, he convinced his dad to buy a bag of Cadbury's chocolate eclair sweets which he wanted to sell at school to make extra pocket money.

Within the first week Mabuza had made a profit but, instead of splashing out his proceeds on treats, the youngster invested his earnings in buying more merchandise. He expanded his offering and employed pupils to sell his stock in other classes.  


Nedbank hails products for farm workers as it banks on small businesses

She's so well put-together, you might forget that the stately middle-aged woman with the perfectly coiffed hair literally used to get her hands dirty for a living.

Rita Andreas has spent a large part of her life as a farm worker, helping to produce the wine-yielding grapes for which the Western Cape is so famous for. Nowadays she's a consultant to farmers in the area and works at the local municipality in the human resources department.


Emerging farmers get shot in the arm from unclaimed Old Mutual shares

Seventeen years ago, Old Mutual, South Africa’s oldest financial services company, demutualised and moved its primary listing to London from Johannesburg, setting off on an ambitious journey of extending its reach across the globe on the back of raising cheap offshore investment capital.
Until this momentous event in 1999, the insurance and banking conglomerate was owned by its customers, primarily insurance policyholders, since its establishment in Cape Town by British entrepreneur John Fairbairn in 1845.


SA’s small business financier enters the Ugandan market

Capital-hungry entrepreneurs in Uganda are set to get a major shot in the arm after Business Partners Limited expanded its footprint to the East African country, where it will now provide funding to small and medium enterprises (SMEs).

Over the last 35 years Business Partners has built a strong reputation in investing and financing SMEs in South Africa and its expansion to Uganda means that the country’s small business owners will tap into the company’s $30 million war chest, which will be deployed to finance ventures that show promise to generate profits and create jobs.


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