Finance minister Pravin Gordhan needs to put up or shut up on 100% black-owned bank: Hamza Farooqui and Salim Essa’s Vardospan has filed court papers calling on Finance Minister Pravin Gordhan to either put up or shut up on the acquisition of Habib Bank. If the acquisition of Habib Bank by Vardospan was to complete, it would bring new competition to a sector dominated by the big five banks and prioritise the provision of desperately needed loans to SMEs and entrepreneurs. The … [Read more...] about Finance minister Pravin Gordhan needs to put up or shut up on 100% black-owned bank
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Vardospan vision for 100% black-owned bank still alive – Hamza Farooqui in for the long haul
Vardospan vision for 100% black-owned bank still alive – Hamza Farooqui in for the long haul: Hamza Farooqui of Vardospan comments on the latest Court developments regarding his attempt to create a 100% owned challenger bank: “The urgent application brought by Vardospan to compel the South Africa Reserve Bank and the Finance Minister to take a decision regarding the applications for permission to purchase the shares in the Habib Overseas Bank, was struck from the roll for a lack of … [Read more...] about Vardospan vision for 100% black-owned bank still alive – Hamza Farooqui in for the long haul
Vantage Mezzanine Fund III invests R200 million ($13.7 million) in a black industrialist business New GX, a leading 100% black-owned investment holding company in South Africa
Vantage Mezzanine Fund III invests R200 million (.7 million) in a black industrialist business New GX, a leading 100% black-owned investment holding company in South Africa: Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine fund manager, announced today that it has provided a R200 million ($ 13.7 million) expansion capital facility to New GX Capital (www.NewGX.co.za), a 100% black and family owned investment company. The funds will be used to finance additional … [Read more...] about Vantage Mezzanine Fund III invests R200 million ($13.7 million) in a black industrialist business New GX, a leading 100% black-owned investment holding company in South Africa
