TymeBank gets green light to buy Sanlam’s loan portfolio

TymeBank gets green light to buy Sanlam’s loan portfolio

As of 31 December 2024, TymeBank had 10.7 million customers. The Competition Commission has recommended unconditional approval of TymeBank’s proposed acquisition of SanlamTyme and a portfolio of unsecured personal loans from Sanlam Personal Loans (SPL). TymeBank, South Africa’s first digital-only bank and majority-owned by Patrice Motsepe’s African Rainbow Capital (ARC), now holds deposits nearing R7…

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Africa: Green Energy and Protecting Nature Get the Thumbs Up in Climate Change Study in 68 Countries

Africa: Green Energy and Protecting Nature Get the Thumbs Up in Climate Change Study in 68 Countries

Africa has begun experiencing frequent extreme weather events. Extreme weather is defined as the kind of heatwaves, droughts, storms and floods that have historically been rare occurrences for the place and time, and which pose a danger to large numbers of people and the economy. Marina Joubert researches how the public connects with science. She…

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Eskom targets 32GW green energy shift by 2040

Eskom targets 32GW green energy shift by 2040

Eskom aims to shift to mainly clean energy sources by 2040 from its current predominantly coal-based generation fleet, it said on Wednesday as it laid out its latest plans for the change. Eskom aims to have 32GW of renewable energy capacity by 2040, compared to less than 1GW now, while it wants its coal capacity…

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R17.6m green economy grant to boost SA youth job creation

R17.6m green economy grant to boost SA youth job creation

SA’s National Business Initiative has received a R17 million grant to support youth-driven green skills development. The African Development Bank (AfDB), through the Fund for African Private Sector Assistance (FAPA), has awarded a $1 million (R17.6 million) grant to SA’s National Business Initiative (NBI). The grant, which aims to support green skills development for local…

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African Women Are Key to Fighting Climate Change – These Are the Green Skills They Will Need

African Women Are Key to Fighting Climate Change – These Are the Green Skills They Will Need

Women are an important and often underutilised human resource in Africa. They’ve faced many problems historically. Limited access to land, finance, education and decision-making platforms have meant that women across Africa haven’t been able to take part fully in the green economy. A green economy is one that enhances well-being and social equity while reducing…

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