Peregrine considers spliting

Colin McClelland|Published

Peregrine Holdings is considering a plan to split by using profits from its stockbroking and wealth-management units to create a new investment firm.

Eskom retirement fund to boost private equity

Colin McClelland|Published

South Africa’s second-largest pension fund plans to boost its allocation to private equity to take advantage of lower asset prices as economic growth slows.

Wine glitters like gold

Colin McClelland|Published

A global rally in stocks is driving some investors to drink, but not in the way you might think.

Gary Player sells horse stud farm

Colin McClelland|Published

Golfing legend Gary Player is testing South Africa’s prime property market by selling the farm where he spent more than half his life.

Soros-backed Leapfrog raises $800m for Africa purchases

Colin McClelland|Published

LeapFrog Investments plans to raise $800 million for its latest fund as it seeks stakes in African banks, insurance brokers and payment companies.

Zwane wanted Nedbank to intervene in Gupta issue

Colin McClelland|Published

Nedbank Group said Mines Minister Mosebenzi Zwane urged the lender to reconsider its decision to sever ties with companies tied to the Gupta family.

Hedge fund shorts SA miners as rally fizzles

Colin McClelland|Published

Abax Investments is giving precious-metal stocks the short end of the stick.

Hedge fund startup gets Oppenheimer backing

Colin McClelland|Published

Diamond-mining billionaire Nicky Oppenheimer’s family is backing a new hedge fund to be run by Andrew Crawford and Stephen Carew.

State companies funding squeeze continues

Colin McClelland|Published

Abax Investments has “significantly reduced” the level of bond purchases in state-owned companies over the past three years.

Redefine to add Pivotal to its stable

Colin McClelland|Published

Redefine Properties, SA’s second-largest real estate investment trust, has agreed to buy Pivotal Fund in a share swop.

Liberty eyes real estate investment trust

Colin McClelland|Published

Insurer Liberty will place a portion of its property portfolio in a real estate investment trust that will list its shares on the JSE.

Gold’s revival gives life to SA fund

Colin McClelland|Published

Money manager Meryl Pick’s Old Mutual Gold Fund has gained 110 percent this year.

Fund managers find yield in trade-finance loans

Colin McClelland|Published

Trade-finance funds provide loans typically backed by future sales to support import and export transactions, projects or commodity deals.

Losses at failed African Bank plunge

Colin McClelland|Published

Residual Debt Services, which took on assets of failed African Bank, says losses narrowed in the fiscal first half as impairment charges declined.

Green power investing brightens returns in SA

Colin McClelland|Published

A programme that’s making SA the top destination for green-power investments across Africa is not only easing an electricity crisis: returns are beating those in ...

Mall of Africa to add to retail oversupply

Colin McClelland|Published

When Attacq snips the ribbon on its Mall of Africa, it will add to an oversupply of retail space.

Mall of Africa’s ribbon to be cut this week

Colin McClelland|Published

When Attacq opens its Mall of Africa in Johannesburg on Thursday, it will add to an oversupply of retail space that threatens to topple the best returns among SA’s ...

Money pours out of SA as investors fret

Colin McClelland|Published

Investors cite South Africa’s volatile political environment as a key reason for shifting cash overseas.

SA property beats out London

Colin McClelland|Published

Investors are still making more profit from that South Africa’s property companies than from landlords in central London.

Reluctant bond market dries up SA property deals

Colin McClelland|Published

A record run in takeover deals in South Africa’s real-estate industry is coming to an end.

Private equity building African war chest

Colin McClelland|Published

Private equity companies amassed a $4. 3 billion war chest for investment opportunities in Africa last year.

Private equity exits climb as SA economy wilts

Colin McClelland|Published

Private equity companies are preparing to exit stakes in SA businesses as the country’s economy continues to struggle.

Private-equity deals tumble

Colin McClelland|Published

The value of private-equity transactions in Africa tumble to the lowest level in three years in 2015 as the number of deals over $250 million shrank.

Rand sends funds deeper than gold

Colin McClelland|Published

South African investors are having to look harder to find stocks that benefit from a weaker rand after the currency’s plunge.

SA’s Kirsh backs roaming start-up

Colin McClelland|Published

South African billionaire Nathan Kirsh is backing a Toronto-based start-up which offers the cheapest charges in 200 countries.