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M&A activity booming in Africa, opportunities abound
We have good news if you want to work in M&A in Africa. Investment bankers say that global investor appetite for M&A deals in sub-Saharan Africa is increasing and that the value of deals this year could exceed the record $44bn achieved last year – which in turn was double the 2009 figure. “We expect [...]
Make recruiters come to you: Twelve tips to get yourself headhunted
Sick of searching for your ideal job? Want recruiters to reach out to you instead? Here’s what you can do to increase your chances of being headhunted. 1) Remember: It’s just as important in the back office In the past it was much easier to catch a recruiter’s eye if you had a high-profile role [...]
Renaissance Capital to invest $2bn in Africa, keeps hiring
Moscow-based Renaissance Capital has one declared goal: becoming the leading emerging markets investment bank. The road to reach that objective goes through Africa, founder and Ceo Stephen Jennings firmly believes. RenCap continues to hire aggressively to grow its presence in the Continent and is planning to invest up to $2bn in the next three years. [...]
Glencore’s listing shines a spotlight on South Africa’s commodity traders
Nice work if you can get it, as the song goes, and some do get it if they try. Like Ivan Glasenberg, the South African CEO of Glencore, the world’s largest trader of bulk commodities, who will be worth $9bn after the London listing of the company. Another nine senior traders, among them Steven Blumgart [...]
Renaissance Capital continues African hiring spree
Clifford Sacks has been a busy man since he was promoted to become Renaissance Capital’s CEO of Africa in mid-January (whilst also retaining his position as CEO of South Africa and head of African Equities). The former co-CEO of Merrill Lynch Africa joined the Russia-based group last year in order to turn it into the [...]
Absa and Barclays team up to conquer Africa
At long last, the unrelenting pressure of competitors and the persistent criticism of analysts have produced a result: nearly six years after buying a majority stake in Absa but carrying on living in parallel worlds, Barclays is finally coordinating its African strategy with the South African bank. “Aligning Absa and Barclays Africa more closely is [...]
Indian bank expanding and recruiting in Africa
Banks from the developed world have long invested in emerging markets to diversify and find superior growth. But a new trend is for emerging markets institutions looking at opportunities in Africa. The Chinese are well-established, the Russians have made a mark, notably with Renaissance Capital, but 2011 might be the year of India. This week [...]
What will be hot in 2011 in South Africa?
South Africa starts the year in good shape: it has shaken off the recession after only two quarters of negative growth, the economy is well-run, interest rates are at their lowest for decades, the rand is strong and inflation low. The country is still basking in the glow of the success of the World Cup [...]
Hiring levels to increase in SA banking
There will be no domino effect, recruiting experts say. Standard Bank’s decision to sack over 2,000 employees will not be followed by other South African banks and sentiment in the sector remains optimistic. “We are still positive,” says Mike Atter, associate director of recruitment consultancy Robert Walters South Africa. “Standard Bank’s announcement seems to be [...]
Surge in demand for experienced African bankers
International banks keen to expand their presence in Africa, like Standard Chartered and Barclays, are competing with South African banks for African candidates who combine knowledge of the continent’s markets with years of experience on Wall Street or in the City. London tends to be the first port of call, says Njambi Ngunjiri, relationship manager [...]
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