Welcome to the new website of the South Africa-Nigeria Chamber of Commerce, a resource for companies doing business in Nigeria or exploring the market and Nigerian companies looking at South Africa. The new site will now be a reservoir of useful information about the two countries that will be updated regularly. You will find contact details for our members and access to their goods and services under our Members link. Please note that some parts of the site are for members only.

Rand Merchant Bank commences business in Lagos

(Daily Trust) - South Africa’s investment bank, Rand Merchant Bank (RMB) officially opened for business in Lagos following the recent granting of an investment banking licence to it by the Central Bank of Nigeria. It launched its office in the country on 7 February 2013.

Read more...

FirstRand may spend over $300m on Nigeria deal

JOHANNESBURG, Nov 27 (Reuters) - FirstRand could spend more than $300 million to buy a retail and commercial bank in Nigeria to expand in Africa's top oil producer, the head of South Africa's second-largest lender says. FirstRand last week was awarded an investment banking licence in Nigeria, giving it entry into the continent's most populous country.

Read more...

7th Africa Economic Forum - Building the Future of Africa’s Economies

Global Pacific & Partners is pleased to announce the 7th Africa Economic Forum 2013 will take place in Johannesburg on the 6th March 2013. The premier annual forum, which focuses on the fundamentals shaping Africa’s economic future, which brings together leading corporates, state officials, industries, senior executives and economic thinkers on Africa’s economies in a content-rich one-day meeting.

Read more...

First Bank Plc named ‘Bank of the Year 2012′ – The Banker Magazine

FirstBank Plc has been announced as winner of the “Bank of the Year in Nigeria 2012” Award by The Banker Magazine, a publication of the Financial Times of London. The award ceremony, now in its 13th edition, celebrates the success and major achievements of the world’s leading financial institutions.

Read more...

Can South African businesses cut it in Lagos?

South African businesses have woken up to the potential of Nigeria, expanding into its consumer markets, food, construction and banking sectors. However, these two giants are both united and divided by a continent, sharing little of each others’ business culture or market structure.

Read more...

Shanduka buys $335m stake in MTN Nigeria

November 2012 – South African black economic-empowerment investment holding company Shanduka Group has bought a minority stake in MTN Nigeria for $335-million, the company said. Shanduka acquired the stake from three private investors through wholly owned subsidiary Shanduka Telecommunication Mauritius. It is the company’s largest investment outside South Africa to date.

Read more...

Tiger Brand's acquisitions in Nigeria could create a monopoly

(Vanguard, Nigeria) - The recent take-over of majority stake in two of Nigeria's leading food manufacturing companies - UAC Foods and Dangote Flour Mills- by a South African company, Tiger Brands, could create unhealthy monopoly in food industry, stakeholders have warned.

Read more...

SA award to Nigerian diplomat might build bridges - Adekeye Adebajo

LAST month marked the celebration of Oliver Tambo, the ninth and longest-serving president of the ANC. Renowned for his gentle humility, punctilious perfectionism and understated wisdom, he led the party between 1967 and 1991. At his funeral in 1993, Nelson Mandela described Tambo as "a great giant who strode the globe like a colossus".

Read more...

South African firms succeed in Nigeria

LAGOS - The acquisition of a 63.35% stake in Dangote Flour Plc by Tiger Brands of South Africa signalled the renewed interests of foreign investors in marketable Nigerian brands. Earlier, Tiger Brands had bought 49% stake in UAC Foods in addition to owning 100 per cent equity in Deli Foods, these are some of the deals the South African company has executed in Nigeria in recent times.

Read more...

Banner