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Top related persons:
Naspers - 1 Pascal - 1 Alec Abraham - 1 Mamongae Mahlare - 1 Nqobile - 1 Promit Mukherjee - 1 Mark Potter - 1 Aly - 1
Top related locs:
South Africa Africa JOHANNESBURG Egypt Shanghai China Rights JOHANNESBURG Brazil
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REUTERS - 2 Thomson - 2 Sasfin Wealth - 1 Amazon - 1 Takealot - 1 New Development Bank - 1 Rights - 1 Sasfin - 1

Search resuls for: "Sasfin Wealth"


2 mentions found


☆ Amazon to launch online shopping service in South Africa in 2024
  + stars: | 2023-10-17 | by ( Nqobile Dludla | ) www.reuters.com   time to read: +2 min
South Africa will be Amazon's 21st country with a local domain name-based website, challenging a slew of online retailers dominated mainly by Naspers' (NPNJn.J) Takealot.com. "The launch of Amazon.co.za in 2024 will provide independent sellers throughout the country an opportunity to rapidly launch, grow, and scale their businesses," Amazon said in a statement. The launch of its service comes at a time when South Africa has seen a sharp rise in online shopping after the pandemic created an opportunity for e-commerce to finally take hold, with retailers doubling down on investments in response. "I don't think their takeover of South Africa retail is a slam dunk," said Sasfin Wealth senior equity analyst Alec Abraham. While Amazon is expected to intensify competition with local online and traditional retailers, "the reality is that the consumer pie in South Africa is not growing," he said.
Persons: Naspers, Pascal, Alec Abraham, Mamongae Mahlare, Nqobile, Promit Mukherjee, Mark Potter Organizations: REUTERS, Sasfin Wealth, Amazon, Takealot, Reuters, Thomson Locations: Africa, JOHANNESBURG, South Africa, Egypt
☆ 'BRICS bank' issues first South African rand bonds
  + stars: | 2023-08-16 | by ( Rachel Savage | Thomson Reuters | Rachel Savage Is Africa Senior Markets Correspondent At Reuters | ) www.reuters.com   time to read: +2 min
A view of logo of New Development Bank (NDB) at its headquarters in Shanghai, China July 10, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsJOHANNESBURG, Aug 15 (Reuters) - The development bank founded by the so-called BRICS countries closed the auction for its first South African rand bonds on Tuesday, as it comes under pressure to boost its local currency fundraising and lending. The South African bond market has struggled in recent years to attract new issuers to match growing demand from domestic investors looking for quality credit assets. The most recent comparable South African government bonds were a 4.5-year bond priced at Jibar +90 bps and a seven year priced at Jibar +120 bps, said Raphi Rootshtain, a portfolio manager at Sasfin Wealth. The bond sale was arranged by Standard Bank, which declined to comment, and Absa Bank.
Persons: Aly, Leslie Maasdorp, Raphi Rootshtain, Rootshtain, Kumeshen Naidoo, Rachel Savage, Josie Kao Organizations: New Development Bank, REUTERS, Rights, Reuters, Sasfin, State Owned Companies, Standard Bank, Absa Bank, Thomson Locations: Shanghai, China, Rights JOHANNESBURG, Brazil, Russia, India, South Africa, Johannesburg, Absa
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