Harare-based financial services outfit Bard Santner wrapped up the year, saying things went better than expected despite tight liquidity and economic chaos across Zimbabwe. CEO Senziwani Sikhosana and executives Tatenda Hungwe and Lucia Chingwaru ran the show while the company pushed into asset management, microfinance, wealth management, and remittances through its TX Money Transfer arm.
The firm opened a Sandton office to go with its New York spot and snagged two South African regulatory approvals that let it operate as a credit provider and asset manager. Management claims it locked down a billion-dollar investment pledge from Aliko Dangote for cement and power projects after talks in Nigeria, though Dangote has floated Zimbabwe deals before without anything actually happening. The securities regulator also tapped them to manage three Tasimba Properties unit trusts.
Bard Santner kept sponsoring the SA Golf Challenge as a networking thing and said it expects conditions to improve if the economy hits projected growth targets, but warned that debt problems and policy inconsistency could still wreck things.
The firm opened a Sandton office to go with its New York spot and snagged two South African regulatory approvals that let it operate as a credit provider and asset manager. Management claims it locked down a billion-dollar investment pledge from Aliko Dangote for cement and power projects after talks in Nigeria, though Dangote has floated Zimbabwe deals before without anything actually happening. The securities regulator also tapped them to manage three Tasimba Properties unit trusts.
Bard Santner kept sponsoring the SA Golf Challenge as a networking thing and said it expects conditions to improve if the economy hits projected growth targets, but warned that debt problems and policy inconsistency could still wreck things.
