Purple Group supported by EasyEquities

The online trading and investment platform has more than half a million funded retail accounts, with platform assets almost at R27-billion.

Podcast: Magic Markets Ep20: Buy-Toi-Let

In Episode 20 of Magic Markets, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) discuss property investing and their respective views on whether buy-to-let is a...

Exxaro sells non-core coal assets

Exxaro Coal Central has been sold to privately owned BEE company Overlooked for an undisclosed sum.

Covid-19 keeps Hulamin in a loss

The aluminium products manufacturer says the Covid-19 lockdown disrupted an expected recovery in its performance last year.

RMH rallies on special dividend

The investment holding company is returning capital to shareholders that had been set aside for a Romanian property development.

The Week Ahead

The global economy growth outlook has improved, albeit in patchy format.

Alphamin rises on record earnings

The tin mining company has benefitted from record tin sales and a higher price for the metal.

Anglo to spin off SA coal business

If shareholders give the go-ahead, they will receive shares in Thungela Resources when it takes a primary listing on the JSE in June.

Thungela prepares for June listing

The company, which will house the former thermal coal assets of Anglo American, released its prospectus yesterday ahead of its listing.

Alcohol ban costs Pick n Pay billions

The supermarket group says its full-year results will show a market-leading performance on core sales.

Prosus closes Tencent block trade

The consumer internet group sold a stake in the Chinese internet and gaming giant to help fund its growth businesses.

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)

Investec Property Fund sticks to payout target

The property fund says distributable earnings for the year will be down but its payout ratio remains the same.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts: Keyboard warriors: Shareholder activism on social media

Social media has become a fundamental part of our daily lives, impacting both “online” and “off-line” aspects, with one such aspect being shareholder activism.

CORPORATE ANNOUNCEMENT BY: Adapt IT HOLDINGS LIMITED

Prosus to reduce Tencent stake

A three-year lock-up since Naspers last reduced its stake in the Chinese internet and gaming giant recently expired.

Huge gets outbid for Adapt IT

Volaris plans to use Adapt IT as its African champion for future transactions driven by the local management team.

Rebosis rallies on investor talks

The property fund says a successful outcome could crystalise value for its shareholders.

De Beers reports slowing diamond sales

The Anglo American subsidiary says demand remains solid as the industry enters a traditional quieter period for sales.

Purple Group flags bumper earnings

The fintech company has scaled up its EasyEquities investment platform and benefitted from new partnerships.

CORPORATE ANNOUNCEMENT BY: SAB ZENZELE HOLDINGS (RF) LIMITED

Aveng taps investors for more cash

The engineering and construction group says shareholders indicated they wanted to invest more.

Sygnia to list its ETFs on A2X

The exchange says the cost-sensitive instruments will benefit from its cheap trading platform.

Eastplats hires new CFO as production ramps up

Wylie Hui previously served as the CFO of several publicly listed mining companies and provided consulting and CFO services to numerous public companies.

Advanced Health wraps up rights issue

The day hospital group raised capital to help relieve cash flow pressure exacerbated by Covid-19.

Magic Markets Ep19: Arch-egos at hedge funds

It's an April Fools' show, yet we only discuss things that have actually happened. It says a lot for the character of the markets that many...

Cartrack raises cash ahead of Nasdaq debut

The vehicle telematics group has sold over a million shares pursuant to its initial public offering

Mixed news from Renergen

Financial director Fulufhedzani Ravele has resigned as the company works towards production at its Virginia Gas Project this year.

Prosus hires new boss for OLX

Airbnb vice president for worldwide sales operations and geographies Romain Voog will replace Martin Scheepbouwer at the classifieds business.

Quilter simplifies its business with international sale

The wealth manager says it may return the majority of the proceeds from the disposal to its shareholders.

Life Healthcare completes Scanmed sale

The private hospital group decided to sell its Polish business due to a shift in strategy.

The Week Ahead

Biden unveils his new infrastructure plan.