JSE SENS

FirstRand’s Lauritz Lanser Dippenaar to retire as Chairman
JSE SENS

FirstRand’s Lauritz Lanser Dippenaar to retire as Chairman

Africa’s largest financial institution group, FirstRand said its Chairman, Lauritz Lanser Dippenaar will be retiring from the position The company said he will retire as Chairman and non-executive director with effect from 31 March 2018‍. In his replacement, William Rodger (Roger) Jardine will be appointed independent non- executive chairman of […]

FirstRand to takeover Aldermore for USD1.3 billion
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FirstRand to takeover Aldermore for USD1.3 billion

Africa’s largest financial services group, FirstRand said it has completed an agreement to acquire UK’s Aldermore for USD1.3 billion. Aldermore said it received a 313p per share offer for the entire business, which has been recommended by the Board to the Group’s shareholders. Phillip Monks, CEO, commented: “Aldermore remains focused […]

Sibanye cuts 2,000 jobs in Gold mining unit
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Sibanye cuts 2,000 jobs in Gold mining unit

South Africa’s Sibanye Gold has confirmed that it has laid off about 2,000 people from its workforce in the gold mining division of the group. Sibanye said in a statement that it carried out the restructuring of its gold operations and associated services pursuant to ongoing losses experienced at its […]