Companies have raised a record $467 billion on the world’s stock exchanges during the first eight months of this year, according to data compiled by Bloomberg. Yet in Johannesburg, home of Africa’s largest bourse, 21 companies have instead de-listed in 2021. Smaller exchanges in Accra, Nairobi and Lagos have been similarly quiet.in South Africa’s economic recovery are pushing companies toward more affordable funding sources.
In Nigeria, fintech companies are emerging on the radar of high-profile investors. But U.S. firm Stripe Inc. agreed to pay $200 million to buy out Lagos-based Paystack, and Flutterwave Inc. said it would look to New York as a potential IPO destination. Cartrack Holdings Ltd., a transportation-data company, was taken private by its founder and listed on Nasdaq under the name Karooooo Ltd. The firm needed more exposure to international investment funds focused on technology, Chief Executive Officer Zak Calisto said.
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Business Maverick: Rich Nations Head to South Africa Seeking Coal Exit DealFour of the world’s richest nations will send a delegation to South Africa as soon as next week to seek a deal to begin closing the country’s coal-fired plants, according to people familiar with the matter. They better come with deep pockets cause SA only have ears for expensive cars and houses in Dubai Good luck. Hope they understand the nature of the hyena they are trying to hold rational discussions with. Corruption tenders loading... But after 14 years they're still not even really open yet🤦♂️ eskom is a travesty
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OUR BURNING PLANET: South Africa to import plastic waste ‘to meet the needs of the industry’South Africa recycles only 14% of its plastic waste – yet the Department of Forestry, Fisheries and the Environment is opening up applications for plastic waste import, all in the name of saving the plastic industry. I did my research properly tyron_robert7 I must confess nobody handles my business like you do, I'm privileged to work with you, you're indeed one of the best traders which I had never come across to... I must confess you are the best ever To qualify as a government minister you must show extreme incompetence disorder. Not even one minister can boast a competent ministry. They cannot even drive their disabling illogical policies without failing and theft. Perhaps we could twin it with tenders for another coal-fired power station or two - preferably in the the Kruger National Park.
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