Zungu Investments Company and Mergence Investment Managers have invested in SA’s only privately owned coal-fired power station, Kelvin Power Station. Located in the City of Ekurhuleni, Kelvin Power is said to provide 10%-14% of Johannesburg’s power. The Competition Commission has approved the purchase of Aldwych by Harith InfraCo — whose shareholders are the Government Employees Pension Fund (GEPF); Development Bank of Southern Africa, Mergence, Zungu Investments and Harith General Partners. Harith has a 46% in Mergence Investment Managers. Aldwych is an investment holding company which invests in assets that generate and deliver energy in various countries across Africa.
Despite some market ‘overexcitement’ about AI, Naspers is bullish about making more bets
The latest Naspers/Prosus financial results show a jump in profitability across the group’s ecommerce portfolio and Tencent growth acceleration. Commenting