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Staff Writer ·6 Apr 2026 Stats SA’s latest quarterly employment survey (QES) shows that the average monthly salary in South Africa increased to R29,690 in the fourth quarter of the year. This represents a 0.1% increase over the revised R29,650 recorded in the third quarter of the year. Year-on-year gross earnings increased by R49.6 billion …
Johannesburg: South Africa stands at a critical juncture: our economy must diversify beyond traditional sectors if we are to remain competitive in a rapidly digitising world. The global race toward digital transformation is accelerating, and we cannot afford to watch from the sidelines while others adapt faster than we do. Becoming a significant African digital economy …
Petrol attendants in South Africa typically earn around R8,200 per month, above the national minimum wage. This is according to new data from the Trade & Industrial Policy Strategies (TIPS), which noted that petrol attendants serve an important role in South Africa’s automotive ecosystem. While motorists in many other countries pump their own fuel, attendants …
Tuesday, 07 April 2026 The Economic Freedom Fighters (EFF) is appalled by the reckless, wasteful, and fruitless expenditure of the Nelson Mandela Bay Metropolitan Municipality, which has over a period of two-years and five months paid suspended ANC-appointed City Manager Noxolo Nqwazi, a cumulative amount of R5.8 million. In what can only be described as […]
Geophysical monitoring technology company Geolinks has joined the upcoming African Mining Week (AMW) – Africa's premier gathering for mining stakeholders, scheduled for October 14 – 16, 2026 in Cape Town – as a bronze sponsor. The company's participation reinforces its strategy to expand its footprint in Africa's burgeoning mining sector as the continent unlocks its $8.5 trillion worth of untapped resources for GDP growth.
In addition, Geolinks' sponsorship aligns with a broader strategy announced by the French government in early 2026 aimed at scaling the participation of French companies in Africa's strategic industries, including mining and energy.
Supported by several French innovation and investment institutions - including the French Ministry of Higher Education and Research, Bpifrance, Réseau Entreprendre Essonne, the Île-de-France Paris Region, the Avenia French Geosciences Cluster and EVOLEN's open innovation platform - Geolinks is establishing its presence in Africa, deploying two pilots of its technology in Southern Africa and South Africa
The Democratic Republic of the Congo is seeking partners to unlock its untapped mineral potential estimated at $24 trillion, while Ghana is implementing a national geomapping program to expand its critical minerals portfolio and strengthen its position as Africa's largest gold producer. Other countries including Liberia, Burundi, Tanzania and Botswana are also intensifying geophysical surveys to support mining sector growth and diversification. These programs highlight the critical role companies such as Geolinks will play in supporting the sustainable growth of Africa's mining industry.
The company's technology focuses on monitoring underground fluid dynamics and geological structures, supporting risk prevention and operational safety in mining operations, particularly in tailings dams.
During AMW 2026, Geolinks executives will participate in high-level panel discussions, networking sessions and technology showcases, engaging with African project developers and regulators while exploring partnership opportunities that could help advance exploration, improve safety and accelerate sustainable mining project development across the continent.
Distributed by APO Group on behalf of Energy Capital & Power.
Australia has one of the most generous research and development tax programs in the world, yet a large number of businesses that qualify for it never claim a cent. Some do not realise they are eligible. Others think the process is too complicated. And some have tried to claim before but found the experience confusing …
The Freedom Front Plus (VF Plus) has referred the Stellenbosch Local Municipality’s alleged unlawful approval of municipal property leases to the Special Investigating Unit (SIU) for a comprehensive and independent investigation. While the party notes the Western Cape government’s preliminary provincial investigation, the Freedom Front Plus believes that only an independent SIU investigation will provide […]
The post VF Plus verwys Stellenbosch se onreëlmatige eiendomsverhurings na die SOE appeared first on Freedom Front Plus.
It is with profound sadness that we acknowledge the passing of Albert Mazibuko, a legendary member of the world-renowned group Ladysmith Black Mambazo. His passing on Sunday, at the age of 77, is a loss not only for South Africa’s music industry, but for the nation as a whole. Albert Mazibuko was more than a performer; he …
The municipality ran up a deficit of R21-million in the 2024/25 financial year
Caitlyn Hilliard-Lomas ·6 Apr 2026 Beauty and skincare products are dominating South African shelves, with the sector expected to grow significantly in the near future. According to the Observatory of Economic Complexity (OEC), a data and research platform, international brands dominate South Africa’s beauty and skincare sector. The data shows that these products account for …
During the South Africa Investment Conference (SAIC), global e-hailing giant Uber committed to investing R5 billion in the country over the next few years in a bid to improve mobility and delivery. According to Uber’s General Manager for Sub-Saharan Africa, Deepesh Thomas, the conference marked a shift from announcements to implementation, with a focus on …
The number of pay-TV subscribers in South Africa fell below seven million for the first time in at least five years, dropping 9.6% from 7.4 million to 6.7 million in the year to September 2025, according to communications regulator Icasa’s latest State of the ICT Sector report. The decline adds hard regulatory data to the …
Seven Eritrean football players of the national team have reportedly vanished in South Africa following their historic participation in the Africa Cup of Nations (AFCON) qualifying stage. This marks the first time in 19 years that Eritrea has progressed this far, yet the celebrations have been overshadowed by the players’ refusal to return home after …
South Africa’s President Cyril Ramaphosa will receive the credentials of US Ambassador-designate Brent Bozell this week, a step that may signal a tentative easing of strained ties between the two countries. Bozell’s formal accreditation on 8 April comes after months of friction between Pretoria and Washington, including the expulsion last year of South Africa’s ambassador …
Tuesday, 07 April 2026: Eskom is pleased to announce the successful redemption of its ES26 bond, marking a decisive milestone in the utility’s journey toward financial independence. First issued in March 2007 as a R500 million tranche at a coupon of 7.85%, the ES26 bond grew to an outstanding amount of approximately R38 billion over...
Kholo Capital Mezzanine Debt Fund I (“Kholo Capital”) and Tensai Private Equity (“Tensai”) today announced the provision of R275 million in mezzanine debt funding to support the management buy-out (“MBO”) of Isambane Mining (“Isambane”), a leading mid-tier mining contractor in South Africa.
Isambane delivers comprehensive opencast mining services, including drilling, blasting, loading, hauling, rehabilitation and day-work services to blue-chip mining clients.
Founded in 2005, Isambane has developed into an established and reputable South African contract mining operator. The transaction enables the company's management team to acquire 100% ownership of the business, strengthening operational control and positioning Isambane for its next phase of growth.
The R275 million mezzanine funding package comprises R200 million provided by Kholo Capital and R75 million provided by Tensai Private Equity.
The management consortium is led by Chairman Banzi Giyose, Chief Executive Officer Johan Venter and Chief Financial Officer Jorrie Jordaan and were advised by Bravura Capital.
Zaheer Cassim, Managing Partner and Founder of Kholo Capital, commented: “We are delighted to support Isambane's accomplished and highly motivated management team in acquiring full ownership of this exceptional business. This transaction is a strong example of how structured mezzanine debt capital can enable management-led ownership transitions without unnecessary equity dilution, while providing the flexibility required to sustain growth and operational momentum. Isambane has built a high-quality, resilient platform underpinned by long-standing relationships with Tier-1 mining clients, strong cash flow generation, and a scalable operating model. The leadership team's depth of experience—spanning more than 170 years across operations, engineering, safety and financial management—provides a solid foundation for continued execution and growth. This transaction also aligns ownership with those closest to the business, enhances black ownership and control, and positions Isambane to capitalise on opportunities in the mining services sector. We look forward to partnering with management as a long-term capital provider, supporting their strategic objectives and helping unlock further value in the business.”
Mokgome Mogoba, Managing Partner and Founder of Kholo Capital, added: “Isambane's portfolio includes multi-year contracts with Tier-1 mining clients, providing strong revenue visibility. Its flexible operating model enables rapid redeployment of fleet and personnel, significantly mitigating contract and asset utilisation risk. Importantly, this transaction enhances black ownership and control in a sector that has historically lacked transformation. Isambane is now a majority black-owned and black-controlled mining services company. This transaction reflects continued investor confidence in South Africa's mining services sector and highlights the role of structured mezzanine debt in enabling management-led ownership transitions.”
Tensai added, “Tensai is pleased to partner with Kholo Capital on this transaction. Isambane's established position and resilient operating model make it an attractive investment, and we are proud to support an experienced leadership team while contributing to meaningful transformation within South Africa's mining sector.”
Soria Hay of Bravura Capital observed: “Bravura is delighted to have assisted the exceptional Isambane management to achieve the 100% Management Buy-Out from the existing shareholders within less than 9 months from our initial engagement. With Isambane being a capital-intensive business, we had to navigate the legal relationships with the various senior lenders carefully to achieve this outcome. All our thanks to the Kholo Capital and Tensai teams for the spirit of cooperation and partnership that was shown along the process. They were meticulous, but helpful to address the invariable niggles that always arise during these types of transactions. We wish Isambane only the best for this new chapter in its life.”
Banzi Giyose, Chairman of Isambane, said: ““This has been a complex and rigorous process, led by highly experienced investment and legal teams, and it has been a pleasure working with parties who consistently demonstrated integrity, transparency and good faith. This collaborative approach was key to achieving a successful outcome. We are sincerely grateful to Kholo Capital and Tensai, for their diligence, as well as to all advisors for their continued support and expertise.
For Isambane, this milestone marks the beginning of an exciting new chapter—one grounded in purpose, operational excellence and sustainable value creation. We remain committed to delivering strong performance while fostering safer work environments and creating meaningful opportunities for local communities.”
Johan Venter, CEO of Isambane, concluded: “This transaction represents a transformational step for Isambane, aligning ownership with a management team deeply committed to the business and its long-term success. It strengthens our foundation for disciplined growth, anchored in our core values of faith, integrity, accountability, resilience, partnership and operational excellence. Kholo Capital brought strong credibility, commercial rigour and execution capability to the process. Their principled, solutions-driven approach and ability to navigate complexity while maintaining momentum were instrumental in achieving this outcome. We enter this next phase with confidence, guided by our values and a shared commitment to building a sustainable, high-performing business.”
Norton Rose Fullbright acted as legal counsel to Kholo Capital and ENS acted as legal counsel for Tensai.
Distributed by APO Group on behalf of Kholo Capital.
For more information contact:
Zaheer Cassim
Managing Partner
Kholo Capital Mezzanine Debt Fund I
zaheer@kholocapital.com
Tel: +27-83-786-0845
Mokgome Mogoba
Managing Partner
Kholo Capital Mezzanine Debt Fund I
mokgome@kholocapital.com
Tel: +27-79-631-5860
Kholo Capital Mezzanine Debt Fund I
34 Melrose Boulevard
Melrose Arch
2076
South Africa
Tensai contact details:
info@tensai.co.za
Tel: +27 21 276 2040
About Kholo Capital Mezzanine Debt Fund I:
Kholo Capital Mezzanine Debt Fund I is a R1.4 billion specialist fund providing flexible mezzanine debt solutions to mid-market businesses across Southern Africa. The fund is designed to bridge the gap between senior debt and equity, enabling companies to access growth and acquisition capital while minimising equity dilution for shareholders.
The fund typically provides investments ranging from R70 million to R205 million to businesses generating a minimum of R25 million in EBITDA per annum. Kholo Capital invests in sectors with high social impact including infrastructure, financial services, healthcare, education, telecommunications, renewable energy, food and services. The investment mandate excludes primary mining, primary agriculture, micro-lending, gambling, ammunition, tobacco, hard liquor and government-related businesses. Larger transactions can be supported through co-investment from limited partners or through syndicated structures.
Kholo Capital provides tailored funding solutions for a variety of transaction types, including growth capital, acquisitions, management buy-outs, leveraged buy-outs, private equity transactions, share buybacks, refinancing of shareholder loans and dividend recapitalisations. The fund also partners with businesses to optimise their capital structures, including refinancing portions of senior bank debt to improve cash flow and create additional headroom for reinvestment and expansion.
Mezzanine debt funding is typically structured as a 4- to 7-year instrument with flexible, bullet repayment profiles, allowing companies to service interest during the term while deferring capital repayment to maturity. This structure supports stronger cash flow management and enables businesses to reinvest in growth initiatives. The fund targets returns more than 17%, combining yield with potential equity upside.
Kholo Capital adopts a disciplined investment approach, with leverage typically capped at 3.5x to 4.0x total debt to EBITDA and up to 80% loan-to-value, ensuring a minimum 20% equity buffer. Investments are made in established, cash-generative businesses, and the fund does not invest in distressed situations or standalone greenfield projects without appropriate guarantees from qualifying operating entities.
Founded in 2020 by Mokgome Mogoba and Zaheer Cassim, Kholo Capital is a specialist alternative investment manager with deep expertise across senior debt, mezzanine debt and private equity. The investment team has more than 100 years of combined experience and has collectively deployed over R50 billion across more than 90 transactions in over 10 African countries. The firm is led by a cohesive and experienced team with a long-standing track record of working together over two decades.
About Tensai:
Tensai Private Equity seeks to invest in businesses that demonstrate a proactive approach to innovation, recognizing the potential for technology to optimize operations, enhance customer experiences, and unlock new avenues for growth.
Website: www.Tensai.co.za
South African car buyers are becoming increasingly likely to abandon legacy brands for emerging Chinese offerings, and there are several reasons why. Global consumer credit reporting agency TransUnion found that in 2025, Chinese brands far outpaced the broader South African new vehicle market. It noted that while overall original equipment manufacturer (OEM) sales returned to …
ActionSA Gauteng has taken note of the Premier Panyaza Lesufi's latest update, including the recent changes in the Executive Council.
The post The Real Test for Gauteng Is Whether Services Improve appeared first on ActionSA.
Bafana Bafana super fan Joy ‘Mama Joy’ Chauke and South Africa’s Sports, Arts and Culture Minister Gayton McKenzie are at loggerheads over the funding of supporters’ trip to the 2026 FIFA World Cup. With Bafana Bafana having secured their spot in the tournament co-hosted by the United States, Canada, and Mexico, the debate over who …
Find out what the latest weather forecast from the SA Weather Service means for your region on 7 April 2026. The South African Weather Service (Saws) has issued its regional forecast for Tuesday, 7 April 2026. Saws forecast a Yellow Level 2 severe thunderstorm warning in effect and a mix of cold, cloudy and unsettled …
Luke Fraser ·6 Apr 2026 The Portfolio Committee on Public Service and Administration has highlighted the challenges of doing lifestyle audits of government employees. Given the heightened levels of corruption in South Africa, lifestyle audits are seen as a valuable way of seeing how political and state employees live. Lifestyle audits are forensic investigations that …
Clean-up operations are currently under way in Durban, following storms that swept through parts of KwaZulu-Natal overnight, leaving widespread flooding, fallen trees and damaged vehicles across several areas. In a statement, the eThekwini municipality said its disaster management team is on the ground working tirelessly to respond to incidents, clear obstructions and restore access in …
A 14-year-old boy died when he overturned his father’s car several times. His father was his passenger and had allegedly been drunk when the boy took over the wheel on the M25 in KwaMashu, KZN, on Sunday. Members of Reaction Unit South Africa (RUSA) were dispatched after their operations centre was inundated with calls from …
About two decades ago, a cricketer’s main focus in their career was representing their country in Tests and one-day internationals (ODIs). There would be a bit of domestic cricket, and a sprinkle of county cricket for some. T20 cricket was not the behemoth it is now, especially at franchise level. Now the landscape has shifted …