Mergence is invested in the only two private water concessions in SA, via a public private partnership, with a majority share in SA Water Works which runs Siza and Silulumanzi. The impact has been significant in terms of seamless water supply to communities and reduced water leakage. Kasief Isaacs, Head: Private Markets at Mergence Investment Managers, believes this model could be replicated across SA to help solve the water crisis.
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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