South Africa’s Impala Platinum said it is buying a stake in a platinum project located in the Waterberg region. Implats said it woul pay $30 million for a 15 percent interest in a platinum project in the northern Waterberg region and had an option to acquire a majority stake in […]
Brainworks Limited has been listed in the Equity Investments Instruments sector on the main board of the JSE. Brainworks is the first Zimbabwean company to have a primary listing on the JSE and the 16th company to list on the exchange this year. “We are confident that our strategy of […]
South African insurance company, Discovery said it has secured banking license which will enable it operate in the financial industry. This follows the decision by the Registrar of Banks in October last year to give Discovery authorisation to establish a banking presence in South Africa. The Registrar of Banks forms […]
Debt-ridden South African Airways has until the end of October 2017 to pay off a major debt obligation that might lead to its shut down should the company default. South African Airways has just about 17 days to pay ZAR5 billion or USD374 million maturing debt it owes domestic lenders but […]
South Africa’s largest bank, FirstRand Ltd said it has approached Aldermore for a possible acquisition. The acquisition is planned to be 100% shares in Aldermore. FirstRand is required to disclose its final decision by the 10th of November, 2017 whether it will go ahead with the acquisition. See the statement […]
The new Ashburton Global 1200 Equity Exchange Traded Fund (ETF), with a large interest in developed markets, listed on the Johannesburg Stock Exchange becoming the 9th ETF to list this year. The Ashburton Global 1200 Equity ETF will track the S&P Global 1200 index to give investors efficient exposure to global […]
Mr Graham Dempster has been appointed as an independent non-executive director to the Sun International Board with immediate effect. Graham Dempster, who is a qualified chartered accountant by profession, previously served as the Chief Operating Officer of the Nedbank Group Limited and has over 35 years of experience in the […]
South Africa’s Exxaro said it is looking at selling about 19.5 million units of shares in Tronox via an American initial public offering, IPO. Exxaro said in the statement it would now sell 19.5 million shares at $22 each, which compared with the $23.75 at which the stock last traded […]
Stadio Holdings Limited has been listed in the Specialised Consumer Services sector on the main board of the Johannesburg Stock Exchange. Stadio is the 15th company to list on the JSE this year. Capital Markets at the JSE, says the exchange is proud to welcome Stadio to the market. “Education, and […]
South Africa’s hospitality and hotel group, Sun International said it will be reporting a loss of between 90 cents per share and 96 cents per share. The result is a significant loss against the prior corresponding period’s profit of 32 cents per share. Sun International said in a note to […]