The Competition Commission has approved the transaction whereby Harith General Partners has acquired a 46% stake in Mergence Investment Managers. The deal will allow a shared focus on strategic infrastructure investments to stimulate African economic growth, and positions the merged entity as a formidable diversified black-owned financial services player.

Sasol share price slumps amid operational challenges and global market pressures
Commenting on the retirement of longstanding Capitec CEO Gerrie Fourie and his replacement by Graham Lee, Radebe Sipamla, co-portfolio manager