Jonas takes the chair at MTN as Nhleko bows out

The former deputy finance minister has been a non-executive director since June last year.

Stenprop sells German property

The property investor is channeling the proceeds from asset sales into its growing portfolio of multi-let industrial properties in the UK.

NEPI Rockcastle gets more firepower

The Central and Eastern European shopping centre owner has signed a new revolving credit facility which will help fund growth.

Kibo says cheap shares present a buying opportunity

The energy company says its shares are undervalued by about 80 percent relative to its net asset value.

Europa Metals encouraged by Toral testwork

An independent metallurgical report shows saleable concentrate quality of the lead, zinc and silver, with good grades reported for each concentrate.

Sasol finally cracks it at Lake Charles

The oil and chemicals group says its ethane cracker is now producing at 85 to 90 percent of capacity after it took steps to fix it.

Ascendis slumps as Remedica sale falters

The group says it will still try and sell the business but only at a price that reflects its market value.

Healthcare contract buoys Afrox

The gases and welding group will report a big rise in full-year profit thanks it its growing healthcare business.

Kore Potash on track with DX project

The potash exploration and development company says there is potential to reduce capital and operating costs for the project.

Renergen lifted by gas discovery

The company has invited proposals from interested parties on gas fired power solutions as well as those looking to receive power in the Free State.

NEPI Rockcastle sells Romanian offices

The Central and Eastern European landlord says it will use the proceeds to fund its pipeline of acquisitions as it grows its retail exposure.

EOH beats target with Afrocentric deal

The disposal means EOH has passed its targeted asset sales this year as it reduces debt.

Nampak offloads Plastics Europe

The packaging group has not disclosed the sale price but says the transaction will remove the pension fund liability from its balance sheet.

Rebosis at odds over property values

The real estate investment trust says its auditors have given a qualified opinion after coming up with a lower value for its properties.

Taste in talks with potential Domino’s buyers

The group says it will focus on growing and expanding its luxury goods brands once it has sold its remaining food interests.

Implats finalises Canadian acquisition

The platinum producer has merged its Canadian assets into Impala Canada, which will be lead by former NAP CFO Tim Hill.

Northam strikes five-year wage deal

The agreement at Booysendal provides for continuity, certainty and allows all stakeholders to focus on the sustainability of the business going forward.

The Week Ahead

Last week signalled good news for financial markets. Trade tensions between the US and China eased and the Conservative Party won a convincing majority of seats...

MTN defends data pricing

The network operator says while there is work to be done on price transformation it needs more spectrum to carry traffic cost effectively.

Mediclinic maintains healthy growth

The private healthcare group says full-year revenue is likely to rise by about 6.5 percent and profit margins will be in line with guidance.

Investec fund grows European logistics exposure

European logistics have been the top performer for the Investec Property Fund on a risk-adjusted basis over the last 18 months.

Kibo signs accord to help roll out UK power projects

The group plans to develop and operate a portfolio of small-scale reserve power generation projects in the UK.

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 – Mitigating risk in corporate transactions: options, waivers and penalties

Each corporate transaction poses risks for the transacting parties, ranging from large unknown liability risk to small execution risks.

Metair batteries spark interest

The battery and automotive components group says it has also had an unsolicited approach for its Turkish operation.

Tongaat to remain suspended for now

The sugar producer and land owner wants investors to have a clearer view of its most recent performance before its shares start trading again.

Italtile confident it can improve sales

The tile manufacturer and retailer has reported a small improvement in retail turnover and expects its second half to be better.

Bell grows black ownership

The group has increased black ownership of two large SA divisions to a majority in a top-up transaction.

Rights issue to dilute loss from Taste

The investment group issued over a billion new shares earlier this year to shore up its operations.

African Phoenix grows NAV

The investment group has reported a sharp rise in its net asset value but a full-year loss as it restructures its business.