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.

Turkey shoot?

Turkey is an emerging market peer for South Africa and recent developments in that country have lessons for hotheads here.

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.

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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.

Is there an attachment point for equities?

Andrew Kinsey, tackles the bond markets and asks, is there a signal for equities?

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.

Archegos goes down, banks blow themselves up

Derivative instruments in themselves are not a problem provided those engaged in them as a trading strategy adhere to proper risk management procedures and there is...

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.

PPC removes DRC millstone

The cement producer has strengthened its position after reaching an agreement that removes the exposure of its SA business to DRC debt.

Ascendis debt mars first-half performance

The pharmaceuticals and healthcare group reported an interim loss despite a strong operational performance.

Super Group bulks up its Australian fleet business

Subsidiary SG Fleet has acquired the Australian and New Zealand business of LeasePlan, a fleet management and leasing services group.

Nampak encouraged by trading results

The packaging group says its financial performance is largely in line with expectations, despite Covid-19 restrictions.

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)

Workforce reports improved second half

While full year revenue and earnings fell due to Covid-19, the group says most divisions bounced back after a difficult first half.

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts: Back to basics: Preliminary aspects to consider when drafting a sale agreement

Parties should always be aware that they can regulate and agree on any terms they wish (provided such terms are within the confines of the law)

CORPORATE ANNOUNCEMENT BY: ASCENDIS HEALTH LIMITED

CORPORATE ANNOUNCEMENT BY: Revego Africa Energy Limited