Momentum Investments News

South African billionaire, Christoffel Wiese, owns about 35 percent of Brait.

Fresh off $2.4B windfall from Pepkor sale, South Africa's Brait on the hunt for up to 3 acquisitions

Brait SE (BAT) is seeking investment targets for the 26.4 billion rand ($2.4 billion) windfall it received from the sale of its stake in Pepkor Holdings Pty Ltd. as shareholders pressure the company to spend the cash.

Debt Market

South African Fund Giant, Stanlib Asset Management, Seeks to Tap Growing Demand for African Debt

Africa-based fund manager Stanlib Asset Management is to join Momentum Investments, Silk Invest and Investec Asset Management in offering an Africa Fixed Income fund from October this year.