Indian firm buys local IT company
Indian IT company SoftPro Systems has acquired Johannesburg-based Cura Software for approximately US$19-million (about R150.6-million), as part of its efforts to position itself as a global market leader in the governance, risk and compliance technology industry.
JSE, Bond Exchange merger approved
The Competition Tribunal has approved the merger between the JSE and the Bond Exchange of South Africa. The new exchange is expected to deliver increased liquidity and functionality and a broader range of products and services to investors.
R100m AfDB boost for clean energy
The African Development Bank has approved a R100-million investment in the Evolution One Fund, the first specialised private equity fund focused on the acceleration and deployment of clean energy and sustainable technologies across southern Africa.
SA private equity breaks R100bn mark
South Africa's private equity industry breached the R100-billion mark for the first time in 2008, despite the global economic meltdown and a slowdown in local merger and acquisition activity.
GSK buys into Aspen Pharmacare
UK-based GlaxoSmithKline has acquired a 16% stake in Aspen Pharmacare, Africa's largest pharmaceutical company, as part of a deal that will see the two firms combining their commercial activities in sub-Saharan Africa.
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