Latest News & Developments
merger or acquisition
Nissan-Honda merger talks officially scrapped - here’s what went wrong
Nissan and Honda have officially scrapped their merger talks that would have created the world’s third largest automotive company.
Nissan and Honda to hold merger talks: here’s what we know so far
Lacklustre consumer spending and stiff competition in several markets is making life hard for many automakers.
R580 million extortion claims rock Tongaat Hulett takeover
Tongaat Hulett shareholders had two options: vote for the debt to equity swap and retain 2. 7% of the JSE-listed shares, or reject it. They chose the second option, which left them empty-handed.
SolarAfrica, Starsight Energy merge to create pan-African renewable energy provider
In addition to key markets Ghana, Kenya, Namibia, Nigeria and South Africa, the group said it was working on imminent expansion into Tanzania and Uganda.
Super Group acquires CBW Group Holdings in UK for R695m
Super Group is acquiring 78. 82% of UK-based logistics and transport business CBW Group Holdings for £30. 3 million.
Here's who helped Elon Musk buy Twitter
Elon Musk's $44 billion Twitter takeover has so far been marked by turmoil. Here's who initially invested in the deal, and why.
From sex workers to bakers, Twitter business users fear losses after Elon Musk buyout
Following the $44 billion buyout by Musk in October, half the platform's staff were fired - including specialists in the ethics teams and engineers.
Implats, RBPlat proposed merger gets green light from tribunal
The Competition Tribunal announced on Wednesday that it has given the Impala Platinum (Implats), and Royal Bafokeng (RBPlat) proposed merger the go-ahead, with conditions.
Gold Fields terminates agreement to acquire Yamana Gold
Gold Fields said on Tuesday that it has terminated the agreement to acquire Yamana Gold, and expects to be paid a $300 million (R5. 3 billion) break fee within two business days, under the terms of the arrangement agreement.
Kanye West loses billionaire status after Adidas and other brands break ties
The consequences of repeated, brazen antisemitic attacks over the past few weeks have unravelled the empire of Ye, the musician and fashion designer better known as Kanye West, and tarnished his goodwill with financial institutions and celebrity footholds.
No, Nike is not buying local shoe brand Bathu for R1. 3bn
A tweet alleged that American sports apparel company Nike had put in an offer to purchase local sneaker brand Bathu.
MTN in talks to buy Telkom
Telecoms companies MTN and Telkom told their shareholders that they have entered into a formal discussion about MTN buying Telkom.
Mara Phones South Africa’s management buyout team working to restart operations
Mara Phones South Africa has come out of business rescue following the signing of a management buyout (MBO) purchase agreement at the end of last month, the company said in a statement.
Royal Bafokeng Platinum wins court case against subsidiary of Wesizwe Platinum
The case centred around the acquisition of Maseve Mine in 2018, for about R840 million; Africa Wide Mineral Prospecting and Exploration Proprietary maintained that it hadn't given its consent for asset sales.
Astron Energy reveals its new brand identity of Caltex service stations that it acquired recently
The name change and rebrand follows the 2018 change of ownership of Astron Energy and its exit from the Chevron group of companies.
Patrice Motsepe’s ARM in talks with Amplats to acquire Bokoni mine
The Bokoni mine in Limpopo is jointly operated by Amplats, a unit of Anglo American and Atlatsa Resources Corporation, a black empowerment platinum group metals producer. The mine was mothballed in 2017.
RMH rejects R1. 75 bn from Brightbridge and Fledge in bids to buy its property investment assets citing offers were too low
The RMH board said it had considered a number of factors in arriving at its view of the approaches.
Clicks will spend R846 million capex as it expands store footprint across the country
The group said this includes 25 to 30 new stores and 30 to 35 new pharmacies, in addition to the acquisition of 25 Pick n Pay pharmacies, as well as IT systems and supply chain infrastructure.
Omnia sells stake in Umongo for R1bn as firm builds war chest for acquisitions
Omnia, together with Autumn Storm, would retain a 10 percent shareholding, which was subject to a two-year option agreement.
Seriti Capital Partners acquires Cannon Asset Managers
SERITI Capital Partners has announced the purchase of 100 percent of the shares of Cannon Asset Managers from Bidvest Financial Services.
JSE, Investec share plan deal closes, bringing fresh staff to the investor service
According to the bourse, following the conclusion of the transaction, the ISPS staff transfer to JIS, effective from 1 September 2021.
Massmart in talks to acquire OneCart
Acquisition in line with Massmart’s intent to accelerate eCommerce growth.
Imperial is acquiring transport operator J&J Group for R4. 4 billion
The deal comes just as Imperial prepares to fall under new ownership following the R12. 7bn cash bid by Dubai-based ports operator DP World Logistics to buy Imperial.
AngloGold to buy out Canadian bullion miner Corvus
The acquisition will be an all-cash deal and at a premium of 55% to the market price of 2. 58 Canadian dollar ($2. 06) of Corvus as of May 5, AngloGold said. Corvus said it would shortly release a statement.
Czech-based Draslovka acquires Sasol’s sodium cyanide business for R1,46 bn
The acquisition forms part of the company’s international expansion strategy and will be its first major investment in the continent.