JSE SENS

African Media Entertainment to acquire Moneyweb
JSE SENS

African Media Entertainment to acquire Moneyweb

African Media Entertainment Limited will be acquiring Moneyweb, a financial media group with assets in digital publishing, content syndication and print media. AME said it will acquire all of the issued ordinary shares of the company, excluding 1 million ordinary shares already held by AME and 1.1 million treasury shares […]

Gemgrow acquires multiple property in Louis Trichardt
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Gemgrow acquires multiple property in Louis Trichardt

Gemgrow Properties Limited said it has entered into various indivisible and inter-conditional purchase agreements. The company has signed an agreement with Erf 266 Louis Trichardt Proprietary Limited for the acquisition of a letting enterprise conducted by the seller in respect of and including the property known as the Checkers Centre […]

JSE SENS

Brian Molefe to return to South Africa’s Eskom

Embattled former chief executive of Eskom, Brian Molefe will be returning to the state power utility top position after the company announced his recall. It would be recalled that Brian Molefe was pressured to step down five months ago. An anti-graft watchdog named Brian Molefe in an alleged influence-peddling matter. […]

Mark Pamensky leaves Oakbay Resources
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Mark Pamensky leaves Oakbay Resources

Oakbay Resources said has announced the resignation of Mr. Mark Pamensky from the company’s board of directors. Before his resignation, Mark Pamensky was an independent non-executive director; chairman of the Audit Committee and a member of the Company’s Risk; Nomination; Social, Ethics and Remuneration committees. He will be leaving the […]

Mondi Q1 profit slumps on lower paper prices
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Mondi Q1 profit slumps on lower paper prices

South African packaging and paper company Mondi for first quarter 2017 report that  underlying operating profit for the quarter was down 6 percent due to lower selling prices and inflationary cost pressures. The company’s Underlying operating profit fell to EUR252 million approximately USD274 million in the three months through March […]