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LATEST Companies and Deals  

Phumelela Gaming’s old Nelson Mandela Bay racecourse on the auction block

13 Apr 2021 /  Suren Naidoo   1
Sale of prime land forms part of the business rescue plan of SA’s largest horse-racing and tote-betting operator.

Offer made to purchase SA Express for R1

12 Apr 2021 /  Nompu Siziba  
Theunis Crous – Managing director, Fly Modern Ark.

Absa closes money market fund

12 Apr 2021 /  Moneyweb   9
Worth more than R75bn.

MTN Group values mobile-money arm at $5bn, considers IPO

12 Apr 2021 /  Loni Prinsloo, Bloomberg  
Johannesburg-listed MTN has previously said it was looking to spin off its fintech business.

Investors take a shine to local tech sector

12 Apr 2021 /  Larry Claasen   
JSE’s software & computer services index outgrew the Top 40 index over the past year.

Are investors or SA’s fiscus to benefit from Prosus’s success?

12 Apr 2021 /  Ann Crotty   3
Calls for a wealth tax for Covid crisis beneficiaries are likely to go unheeded.

Uganda, Tanzania, oil firms sign accords for building $3.5bn pipeline

11 Apr 2021 /  Elias Biryabarema, Reuters  
Pipeline will help ship crude from fields in western Uganda to international markets.

Hermes says luxury watch oversupply an ‘illness’ for industry

11 Apr 2021 /  Corinne Gretler, Bloomberg   
Swiss watch exports fell 22% in 2020.

Eskom CEO hits back at racism accuser

9 Apr 2021 /  Antony Sguazzin and Loni Prinsloo, Bloomberg   33
De Ruyter accuses suspended exec of facilitating R8bn in deals with company suspected of fraud.

Nigerian banks deny owing MTN Nigeria and other telcos

9 Apr 2021 /  Emele Onu, Bloomberg   5
'There is no such thing as an obligation due from banks to telcos,' Herbert Wigwe, chief executive officer of Access Bank Plc, said.

Battle lines drawn in fight for Adapt IT

9 Apr 2021 /  Duncan McLeod   1
Shares surged by almost 38% on Thursday on news of the Volaris offer.

Thungela Resources to acquire some of SA’s best quality coal assets

9 Apr 2021 /  Ciaran Ryan   2
And have its own separate listing on the JSE and London Stock Exchange.

Anglo American announces voting arrangements for coal demerger

9 Apr 2021 /  Ciaran Ryan  
Will become effective on June 4 if supported by 'voting scheme shareholders'.

Basil Read’s construction business resumes bidding for contracts

9 Apr 2021 /  Roy Cokayne   3
Has been in business rescue since June 2018 after reporting a net loss after tax of R1bn.

SAA BRPs present ‘final’ settlement agreement to pilots

9 Apr 2021 /  Thando Maeko   18
Says parts of the offer – aspects that it wants to pay off over three years – will lapse once rescue process is completed.

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