Brothers Dan and Mark Saltzman, sons of Dis-Chem founders Ivan and Lynette Saltzman, have recently inherited shares worth about R6.8 billion in the company. This development was made public through …
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Premier listing cancelled due to Ramaphosa crisis triggers market volatility
Investment holding company Brait said on Friday it has opted not to list fast-moving consumer goods group Premier on the JSE due to volatility, especially over the past 48 hours. …
Shares of JSE-listed grocery chain Spar slumped on Wednesday, after it reported muted operating profit growth for its year to end-September, hit by surging costs including for fuel and promotions, …
MultiChoice has issued a trading statement warning shareholders that it expects to report a net loss in its interim financial results on Thursday. Last year the company announced earnings per …
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Rain tables formal proposal for Telkom merger
South Africa’s data-only network provider Rain has tabled a formal nonbinding proposal to merge with mobile and fixed-line operator Telkom. Rain’s public expression of interest in a merger in August …
Grindrod Shipping could soon join the growing list of South African companies leaving the JSE, should an acquisition bid by Guernsey-based shipping company Taylor Maritime Investments (TMI) succeed. This week, …
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Walmart launches offer to buy S.African retailer Massmart
U.S retail giant Walmart Inc has launched a 6.4 billion rand ($377.6 million) offer to buy the remaining shares of South African retailer, Massmart. They bought the initial 51% in 2011 …
Debt-laden sugar and property group Tongaat Hulett has had its shares suspended from trading on the JSE for the second time in three years. The embattled KZN-based company confirmed the …
Last week, the JSE hosted one of its small cap showcase. This series is part of a broader initiative to help the flagging smaller capitalization counters on the bourse. Interestingly, the …
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Huge Group acquires Tethys for its software and tech IP
Huge Group, JSE-listed telecommunications company says its rationale for acquiring Tethys Mobile, previously Virgin Mobile South Africa, is the subsequent ownership of its software and technology platform and the intellectual …