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Wilderness secures ‘green’ loan

Pristine: Wilderness is one of Africa's biggest conservation and tourism groups
Pristine: Wilderness is one of Africa's biggest conservation and tourism groups

Hospitality group, Wilderness, has secured preferential funding from Standard Bank to support expansion into new markets and spread the efforts of conservation into larger areas.

Known as “principle-aligned nature conservation financing” the loan sealed between Standard Bank and Wilderness represents a first for the African market.

Standard Bank head of Corporate Financing Solutions in the Corporate and Investment Banking (CIB) division, Brydone Graham told BusinessWeek that while the quantum of the funding was not yet public information, the finance has been deployed across most of Wilderness' African footprint.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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