21 December 2018
Naspers is investing $660 million in the latest funding round for India’s largest food-delivery business.
The Competition Commission has recommended that the retailer be fined 10% of its annual turnover for Computicket’s anti-competitive behaviour.
The world’s biggest brewer is partnering with Canada’s Tilray in a $100 million venture to investigate cannabis-infused beverages.
Non-executive director Sean Flanagan has been involved in the strategic initiatives aimed a turning the engineering and construction group around.
Shareholders will be asked to approve the scheme of arrangement at a meeting on 21 January.
20 December 2018
The fast food and jewellery group will ask for approval for a R132 million, fully-underwritten rights offer.
The group is entering a joint venture with some of its founding directors that will give it exposure to the larger European market.
The food producer says its decision to repurchase up to 3% of its stock won’t affects its commitment to pursue growth strategies.
19 December 2018
South Africa’s biggest company by market capitalisation has taken a secondary listing on the year-old exchange.
Shareholders in SA, Zimbabwe and Malawi will be paid out this week, while UK shareholders will receive payment at the end of the month.
The gold producer says it will still proceed with retrenchments at South Deep as it puts the mine on a sustainable road to recovery
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18 December 2018
The group has negotiated a temporary change to its debt covenants as it awaits the sale of its infant nutritional business.
The retail group says the approvals will increase financial stability and allow it to focus on maximising its potential.
The investment group put its security communication equipment subsidiary up for sale after unsolicited buyers came forward for the group.
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14 December 2018
Mylan has taken over the distribution of a portfolio of products in Australia and New Zealand and has the option to purchase it for R1.93 billion.
The construction and infrastructure group says a number of parties have expressed interest in buying various parts of its business.
The platinum producer says it’s benefited from a higher rand-platinum price and a better performance across its operations.
The industrial and healthcare gases group says the restructuring will help it grow profit in the future.
Weekly summary of M&A activity by South African companies
Weekly summary of all M&A activity from across Africa (excluding South Africa)
Weekly summary of corporate finance activity by South African exchange listed companies
Much of the developed world has seen explosive growth in mergers and acquisitions for 2018, but M&A activity in SA and Africa have languished