The respected pan-African publication, Africa Global Funds, reports on the success of the Lesotho aquaculture project where Mergence Investment Managers (Lesotho) has increased its private equity stake on behalf of the country’s largest pension fund. Sanlei Premium Trout has recently entered the massive US export market and has made a significant impact in terms of ESG as detailed in the article. Semoli Mokhanoi, MD of Mergence Lesotho, said that Mergence is in the process of raising capital to deploy expansion and working capital to further scale up Sanlei’s operations to attract other potential customers, particularly further in the Far East as well as in the European Union.

MTN cuts capex in SA to R6billion
Reporting on its financial results, MTN said that the post-paid, enterprise, wholesale, digital and fintech segments all recorded good growth