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A fair share – giving employees a stake in the value they build 1200 627 Tamela
A fair share – giving employees a stake in the value they build

What if the people who built the company’s success also owned a stake in its future? Across South Africa, millions of employees work tirelessly to deliver value – yet all too often, they remain disconnected from the wealth they help generate. Employee Share Ownership Plans (ESOPs) challenge this imbalance, offering a powerful tool to align purpose with profit and to ensure that those who contribute the most are not left behind…

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Goodbye JIBAR, hello ZARONIA 1800 940 Tamela
Goodbye JIBAR, hello ZARONIA

South Africa’s financial markets are entering a new era. The Johannesburg Interbank Average Rate (JIBAR), long the anchor of domestic funding and lending, will soon be replaced by the South African Rand Overnight Index Average (ZARONIA). This transition is reshaping how interest rates are priced, aiming for greater transparency, reliability, and alignment with global best practice…

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The Future of the South African Capital Stack 1800 941 Tamela
The Future of the South African Capital Stack

South African companies are operating in a challenging capital environment. Bank lending
remains constrained, private sector credit growth is modest, and equity markets are hesitant.
With IPO activity limited and valuations under pressure, businesses – particularly in the midmarket – are seeking more strategic, flexible funding solutions. The traditional binary of debt or
equity is no longer enough. Companies now require capital structures that align with their
growth ambitions while managing cost, control, and risk…

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South Africa is Rewiring its Future through PPPs 2560 1706 Tamela
South Africa is Rewiring its Future through PPPs

On 4 April 2025, the South Africa Transmission Infrastructure Investment Forum brought
together key decision makers, including Minister of Electricity and Energy, Dr Kgosientsho
Ramokgopa, alongside industry leaders, financiers and developers. The forum laid the
groundwork for public-private partnerships (PPPs) in energy transmission, driven in part
by the Minister’s bold and pragmatic outlook…

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Fixing the Foundation: Rethinking Gross Fixed Capital Formation in a High-Debt Economy 2560 1635 Tamela
Fixing the Foundation: Rethinking Gross Fixed Capital Formation in a High-Debt Economy

According to the South African Reserve Bank’s March 2025 Quarterly Bulletin, real gross fixed capital formation declined by 3,7% in 2024 after a 3,9% increase in 2023. This downturn raises concerns about the current state of fixed investments in South Africa and its impact on economic growth…

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Corporate restructuring: A tale of two outcomes 2223 1348 Tamela
Corporate restructuring: A tale of two outcomes

Corporate restructuring in South Africa has delivered both notable successes and cautionary failures. When executed proactively, restructuring can strengthen long-term stability and unlock shareholder value. But when delayed, it often proves ineffective, further eroding market confidence and deepening financial distress…

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The importance of SME lending in addressing societal needs 2223 1348 Tamela
The importance of SME lending in addressing societal needs

Over the past decade, South African SMEs have experienced significant growth due to socio-economic factors. The SME sector plays a crucial role in the South African economy, contributing ~40% of the country’s GDP1 and employing between 50%-60% of the labour…

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Opportunities in South Africa’s Just Energy Transition 1216 832 Tamela
Opportunities in South Africa’s Just Energy Transition

South Africa’s energy transition towards a more sustainable and equitable future presents significant opportunities, particularly Black Economic Empowerment (BEE) participation in renewable energy procurement…

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Taking steps to address SA’s challenges through corporate collaboration 900 600 Tamela
Taking steps to address SA’s challenges through corporate collaboration

South Africa faces a multitude of challenges including climate change and socioeconomic inequality, with these issues deeply intertwined. The most vulnerable population groups tend to bear the brunt of environmental, economic, and social challenges. To address these, South Africans have implemented measures such as Corporate Social Responsibility (CSR) initiatives, Environmental, Social, and Governance (ESG) frameworks, and Black Economic Empowerment (BEE) legislation aimed at tackling inequality…

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JSE introduces new BEE segment 768 512 Tamela
JSE introduces new BEE segment

The new Black Economic Empowerment (BEE) Segment came into effect on 11 November this year, aimed at addressing the operational and regulatory needs of BEE companies, including special purpose vehicles created with the specific objective of facilitating a BEE transaction (BEE SPVs). Noteworthy is that Tamela was instrumental both in the creation of the original Section 4.32 of the JSE Listings Requirements in 2015 as well as the development of this new segment!…

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Unpacking delisting trends: A global and local perspective 768 512 Tamela
Unpacking delisting trends: A global and local perspective

Corporate delistings have gained significant traction globally, raising important questions about the health of public markets. Over the past year, a notable number of companies have chosen to exit stock exchanges, highlighting the interplay between economic downturns, geopolitical instability, as well as the financial burdens and intellectual capital requirements of being publicly listed…

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Unbundling: Unlocking strategic value for South African listed companies 768 512 Tamela
Unbundling: Unlocking strategic value for South African listed companies

Unbundling – the process of transforming a subsidiary or division into an independent entity – has become an effective strategy for South African listed companies. It brings opportunities to improve operational focus, enhance transparency, and unlock shareholder value by allowing companies to concentrate resources on their core business activities…

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