JSE SENS

Sanlam sells stake in Ghana’s Enterprise Insurance
JSE SENS

Sanlam sells stake in Ghana’s Enterprise Insurance

Sout Africa’s largest composite insurance group, Sanlam said it has sold off its 40% equity in Ghana’s Enterprise Insurance. For selling its stake in Enterprise Insurance, Sanlam received a monetary value of USD130 million. However, the company will remain in Ghana which means Sanlam will now be competing with its […]

JSE launches wool futures contract
JSE SENS

JSE launches wool futures contract

The Johannesburg stock exchange  (JSE) has listed a cash settled merino wool futures contract on its Commodity Derivatives Market. The contract allows farmers and wool buyers to protect themselves against movements in the wool price. This follows the recent listing of a lamb carcas futures contract which tracks the price […]

Danie Botes, CEO of MMI Holdings resigns
JSE SENS

Danie Botes, CEO of MMI Holdings resigns

A sudden wave of resignation has hit MMI Holdings as Chief Operating Officer Danie Botes and Chief Executive of Momentum Retail Etienne de Waal have resigned to pursue other interests. The company said Both Danie and Etienne were with the group for more than 20 years and leave a lasting […]

Eskom appoints Johnny Dladla as acting Group CEO
JSE SENS

Eskom appoints Johnny Dladla as acting Group CEO

The Eskom Board wishes to announce the appointment of Mr Johnny Dladla as acting Group Chief Executive with immediate effect. This follows intense consultations between the Minister and Eskom Board to arrive at a prudent choice. Both parties are of firm belief that Dladla’s experience and expertise will stabilize Eskom […]

Naspers’ Myriad International to issue dollar bond
JSE SENS

Naspers’ Myriad International to issue dollar bond

Naspers said its wholly-owned subsidiary, Myriad International Holdings B.V. will be exploring the possibility of an international USD bond offering by meeting potential investors on a roadshow. Naspers said proceeds from the offering if completed, are expected to be used for general corporate purposes and to repay MIH B.V.’s existing […]

Thapelo Petje, Samantha Samuels joins Jasco
JSE SENS

Thapelo Petje, Samantha Samuels joins Jasco

Jasco Electronics has appointed Mr Thapelo Petje and Mrs. Samantha Samuels as executive directors of Jasco with effect from 19 June 2017. The company said Both Thapelo and Samantha have been members of Jasco’s executive committee since 2011 and 2012 respectively. Thapelo Petje joined Jasco in 2011 and heads up […]