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Santam acquires home services marketplace Kandua
Published: 30 May 24
Short-term insurer Santam has acquired Kandua, an online marketplace company for home services. Kandua will merge with Santam’s existing home service offering, Home+, forming a wholly owned, independent subsidiary of the insurer.
Trade & Industrial Policy Strategies senior economist Gaylor Montmasson-Clair Supply-side support will be required if South Africa aims to join green industrialisation race
Published: 30 May 24
Stable demand remains a prerequisite if South Africa has any prospect of stimulating industrialisation in the renewable-energy and battery storage value chains, Trade & Industrial Policy Strategies (TIPS) senior economist Gaylor Montmasson-Clair has reiterated. But absent complementary supply-side measures – including tax and financial incentives, as well as an active trade policy – the country will struggle to attract green manufacturing investment in what is now a highly competitive global environment. In fact, Montmasson-Clair, who is also facilitator of the yet-to-be-launched South African Renewable Energy Masterplan (SAREM), counsels that South Africa will have to prepare a compelling investment case if it is to emerge as a market participant. One that cannot rely solely on rising demand for solar panels, wind turbines and batteries, nor on the country’s natural resource advantages and its current relative attractiveness as a manufacturing location when compared with its peers.
Tsolido signs agreement with Red Cloud for liquidity services
Published: 30 May 24
TSX-V-listed Tsodilo Resources has retained Toronto-based financial services company Red Cloud Securities to provide liquidity services to the company. Red Cloud helps mineral exploration and mining companies to access capital markets and enhance their corporate profile. Red Cloud will trade Tsodilo shares on the TSX-V for the purposes of maintaining a reasonable market and improving the liquidity of Tsodilo’s common shares.
Natref refinery Commission grants approval for England-based Prax to acquire Natref
Published: 30 May 24
The Competition Commission has conditionally approved a proposed transaction between Prax South Africa and the National Petroleum Refiners of South Africa (Natref), whereby the former intends to acquire the latter. Prax is ultimately controlled by a firm incorporated in England called State Oil Limited, which is, in turn, controlled by Prax Group Holdings, which is also based in England.
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