South Africa

HSBC have confirmed that they are in discussions with Old Mutual Plc for the acquisition of a majority stake in Nedbank Group Limited.

According to a Sky News exclusive, HSBC Holdings plc, the financial services corporation incorporated and headquartered in the UK, is in the beginning stages of assessing a bid for Nedbank...

Software company Codix has signed a deal to provide software solutions to ABSA Working Capital, the factoring and

 

Mark Seland, Head of Debtor Finance at Standard Bank in South Africa, provides Factorscan with an overview of the South African factoring market covering industry environment, market performance, supply and future trends.

The South African Minister of Trade and Industry on Friday released its Industrial Policy Action Plan (IPAP)

The financial press has been reporting in worried whispers of late about the threat of rising insolvencies as the world climbs out of recession. Looking back at past recessions and their attendant recoveries, there has been a trend towards rising insolvencies as the economy recovers, with commentators expecting similar problems as the current economic crisis eases.

Private BEE investment company Mvelaphanda Holdings has acquired a strategic stake in South Africa-based trade finance firm

The International Finance Corporation is to invest $30 million in Sasfin to enable the specialist bank to spread lending to SMEs

Roger Herbert, Executive Secretary for the Debtor Finance Committee of he Banking Association of South Africa, talks to Factorscan about developments in the South African factoring industry, the significance of e-invoicing to the local offering and the country's potential for the future.

68 per cent of businesses funded by the Industrial Development Corporation (IDC) in the 2008/09 financial year were SMEs, up from 56 per cent in the previous period