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JP MORGAN’S R340 MILLION FUNDING FOR SMALL BLACK MANUFACTURERS

One of the biggest barriers to the involvement of enterprising black South Africans in the capital-intensive manufacturing and green economy sectors is often cited as lack of access to capital. JP Morgan, the global investment bank, has committed R340 million Read the full story

Young Women in Business Network Launch

MUTUAL BANKS AND THEIR ROLES

Unlike a commercial Bank where its shareholders, are not necessarily depositors or customers of the Bank, depositing funds in a Mutual Bank means acquiring a stake in the Bank while being a customer of the Bank. The Young Women in Read the full story

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US PRIVATE EQUITY FIRM TO INVEST R692BN IN STARTUPS

J Sassoon Group, a US private and equity investment firm, is keen to invest $50 billion (R692bn) in ’emerging, entrepreneurial and innovative’ businesses involved in transportation, infrastructure and particularly in renewable energy in South Africa. The company’s chairman, David Sassoon, Read the full story

Image: Lindiwe Kunene -BASA

BLAMESHIFTING STALLS CHANGE IN THE BANKING SECTOR

Instead of working together to realise the objective of economic transformation, main actors have been devoting their efforts to blaming each other and finger-pointing for not meeting the reasonable expectations of black South Africans. And the result has been a Read the full story

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START-UP CYLINDER MANUFACTURER SECURES R300 MILLION FUNDING FROM THE U.S.

Black-owned Johannesburg-based start-up, Bluedrop, has proved that there is still opportunity for bankable businesses to attract funding in an environment in which COVID-19 has made lending institutions to be averse to taking the risk of investing in new ventures. Bluedrop Read the full story