Finance · South Africa
OBK launches fund to finance new mining projects
Moneyweb · 2026/02/18
Summary
OBK has introduced a new fund aimed at supporting mining projects in South Africa. Heidi Sternberg, a mining sector specialist at OBK, explained that the fund is designed to provide financial backing to new mining initiatives. This initiative seeks to stimulate growth in the mining industry by offering necessary capital to projects that might otherwise struggle to secure funding. By focusing on new mining ventures, OBK aims to boost job creation and economic activity in areas reliant on mining. This fund could help small and emerging miners gain access to the resources they need to develop their operations, which could in turn contribute to the broader South African economy.
OnABudget takeaway: For entrepreneurs and investors in the mining sector, the OBK fund offers a valuable opportunity to access financing for new projects. Consumers could also benefit indirectly from economic growth and increased employment in mining communities.