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.
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Absa CEO Arrie Rautenbach steps down as the group’s valuation continues to lag that of its peers
Commenting on Absa’s results and the surprise announcement of CEO Arrie Rautenbach stepping down, Mergence Senior Analyst Radebe Sipamla said