06 December 2019

Glencore probed by SFO for bribery

The anti-fraud body says it is looking into the conduct by the Glencore group of companies, its officials, employees, agents and associated person.

ELB replaces its CEO

Charles Pettit heads up Apex Partners, which has built up a stake in the engineering and capital equipment supplier.

WG Wearne sells quarry to CIG

The Wearne quarry sits adjacent to Drift Supersand, a subsidiary of Consolidated Infrastructure Group.

Europa Metals completes first drill

The minerals explorer expects to receive the results of an independent metallurgical report on its Toral project by the end of the year.

Who’s doing what this week in the South African M&A space?

Weekly summary of Merger & Acquisition activity by South African companies

Who’s doing what in the African M&A space?

Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)

Weekly corporate finance activity by SA exchange-listed companies

Weekly summary of corporate finance activity by South African exchange listed companies

Thorts – Mozambique’s largest equity market transaction

The sale of 4% of Cahora Bassa through an IPO is the largest equity capital markets transaction to ever occur in Mozambique

05 December 2019

Grand Parade loses taste for Burger King

The investment group plans to divest from the US burger chain that it has spent the past six years building up.

Accelerate trims distribution

The property fund has maintained full-year guidance as it pays down debt incurred to grow its stake in the Fourways mall.

Sygnia grows assets in a tough market

The fund manager has bucked the trend in a shrinking institutional savings market as the economy stagnate and retrenchments rise.

Sanlam maintains growth in challenging environment

The group has benefited from last year’s acquisition of the remaining stake in Morocco’s Saham Finances.

Bell impacted by SA slowdown

The group blames weaker demand, particularly in its home market, and a rising interest bill due to higher inventory levels.

What is the Golden Visa?

The Portuguese Golden Visa program is one of the most popular both in Europe and the world and for good reason.

04 December 2019

Curro expands Gauteng presence

The private education group has bought a school and two pre-schools in deals that it says are not material but are strategic.

Orion attracts investor interest

The minerals explorer says potential equity partners have indicated interest in taking stakes in its miner operating subsidiary companies.

Grindrod Shipping buys more time for IVS deal

The shipping group is also in talks with lenders to provide it with the capital it needs to acquire an additional stake in IVS Bulk.

New Frontier Properties to stay listed for now

The struggling property fund says its lenders want it to remain a listed entity as it repays debt through property disposals.

Choppies finds buyers for SA stores

The Botswana-based retailer is selling its SA operations for R1 and outstanding debt.

03 December 2019

Cash flush Capco goes shopping

The Covent Garden landlord says a strong balance sheet and financial flexibility position it to capitalise on investment opportunities.

Trencor to list Textainer next week

Shareholders will receive shares in the container group as a distribution in specie following its inward listing on the JSE.

Vukile positive on dividend growth

The real estate investment trust now generates close to half its earnings from Spain, where it is well placed to deliver sustainable returns.

CIG close to debt deal after tough year

The power and energy infrastructure group is trying to reduce interest-bearing debt following a recapitalisation earlier this year

Taste wraps up food disposals

The group is exiting its food brand franchise businesses and will focus on luxury goods after failing to raise capital for expansion.

Ingham Analytics issues a note on Prosus entitled “It’s all in Tencent”.

Ingham Analytics has a fascinating insight into Prosus less than three months after the restructuring that resulted in a Euronext listing of Prosus, in which Naspers...

Sirius buys new business park

The Germany property owner will fund the deal with a mixture of debt and the proceeds from recent disposals.

02 December 2019

Tongaat to pursue executives for fraud

A probe has found that some senior executives fiddled the books at the sugar producer and land owner, resulting in an overstatement of profit.

Cell C hangs up on Telkom

The struggling mobile network operator has spurned a potential takeover by its rival.

Investec sets date for asset management listing

Investec plans to sell a stake in Ninety One in a secondary cash placing when it lists in the middle of March.

Stefanutti denies impropriety in social investment

The construction group says it was an unwitting contributor to what may have been a slush fund for the benefit of certain Eskom executives.

Phumelela raises red flag on horse racing

The group says horse racing is at an unenviable juncture and that a more equitable funding dispensation is needed for the sport to survive.

The Week Ahead of 2 December with Chris Gilmour

Global growth has probably turned up but nothing profound insight.

L2D attracts new tenants

The property fund says initiates taken to engage customers at its shopping centres have resulted in trading density growth.

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