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Investments & Finance

Patrice Motsepe launches new investment firm

Billionaire Patrice Motsepe, along with two former Sanlam veterans, have officially launched a new money management firm called African Rainbow Capital (ARC). Motsepe, who is chairperson of ARC, together with joint chief executive officers Dr Johan...

Gold may benefit temporarily from market collapse

Black Wednesday brought about many fears when global equity markets collapsed, and oil prices in particular fell to a 13 year low. Although the collapse may see investors reaching for gold, it may not assist the gold price in the long run,...

Anglo jumps most since ’08 as mining shares gain

Anglo American Plc surged the most in seven years and Glencore Plc rallied at the end of the London trading day as metals and oil prices recovered. Anglo, last year’s worst performer in the U.K.’s benchmark stock index, jumped 14% to close at...

LPC-Glencore launches refinancing of US$8.45bn loan

Global diversified natural resource company Glencore has launched senior syndication of a refinancing of a US$8.45bn, one-year revolving credit facility that it signed in May 2015, banking sources said on Thursday. The facility supports the...