Caterpillar, a global leader in manufacturing construction and mining equipment, industrial engines, and diesel-electric locomotives, has had a longstanding presence in Africa for nearly 100 years. The company’s journey on the continent highlights a deep commitment to fostering sustainable growth and infrastructure development.
Category: ASSET MANAGEMENT
Opening South Africa’s Rail Network: Transnet Prepares for Private Operators
South Africa’s rail sector is set to undergo a major shift as the newly established Transnet Rail Infrastructure Manager (TRIM) gears up to allocate rail slots to private train operating companies (TOCs). This marks a significant move toward integrating third-party operators, enabled by the release of the long-awaited Network Statement in December.
Lucara Diamond Corp. Unveils Impressive 1,094-Carat Diamond from Botswana
Lucara Diamond Corp. has successfully recovered an extraordinary rough diamond weighing 1,094 carats from its Karowe Mine in Botswana. This remarkable find follows the earlier discovery of a 692-carat diamond, which was polished by HB Antwerp and sold for over US$13 million. The new diamond will also be polished by HB Antwerp, continuing their partnership.
As the sixth diamond exceeding 1,000 carats recovered by Lucara, this discovery highlights the company’s ability to unearth large, high-value stones from the South Lobe of the Karowe Mine. William Lamb, President and CEO, emphasized that this recovery underscores Karowe’s potential and reinforces the company’s position in the high-end diamond market.
South African Asset Managers’ Response to Shifting Investment Trends and Political Uncertainty
In the midst of evolving investment landscapes, South African asset managers have notably adjusted their strategies, as highlighted in the 2023 Alexforbes Manager Watch Annual Survey. Over the past five years, a discernible trend has emerged, with a greater focus on global equities alongside recalibrations in domestic allocations. However, this strategic maneuvering unfolds against a backdrop of political uncertainty following national elections, with discussions of a Government of National Unity stirring market volatility. Yet, armed with insight and adaptability, South African asset managers remain poised to navigate these challenges, steering investments towards long-term prosperity amidst shifting sands.
Assessing Investment Risks in Uganda: Navigating Opportunities in a Dynamic Market
Investing in Uganda, a landlocked country in East Africa, presents opportunities for growth and development. However, it is crucial for potential investors to carefully assess […]
Johannesburg’s Property Market Soars: A Thriving Hub of Real Estate Investments
The property market in Johannesburg, South Africa, has experienced significant growth in recent years, driven by a combination of factors that have positioned the city […]
Unlocking Growth: The Rise of Asset Management in Nigeria
Asset management has emerged as a critical component of Nigeria’s financial landscape, playing a pivotal role in optimizing investments and ensuring sustainable growth. In recent […]