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The listing was in terms of the JSE’s fast-track listing process, which was introduced in 2014 for companies seeking a secondary listing in South Africa. The process was designed to make it easier for companies already listed on an ‘accredited exchange’, such as the LSE, to access the South African capital markets in a much shorter time frame
The JSE says the new structure aims to offer a suitable and efficient level of regulation tailored to the size and liquidity of issuers on the Main Board, while continuing to uphold investor confidence in the market.
The right timing when it comes to buying or selling property can offer many advantages to those in the property market.
The listing, the second in two days for the JSE, is part of the process of Rainbow being unbundled by its parent company, consumer goods giant, RCL Foods, a decision that was first announced in March this year. Rainbow’s shares were untraded at a price of R4 each yesterday.
The unbundling will be implemented by way of a distribution of 890 296 405 Rainbow ordinary shares, in the ratio of 1 Rainbow share for every 1 RCL share held. RCL shares traded 2. 6% higher at R10. 65 by lunchtime yesterday
The contribution of Suppple which just registered at the Luxemburg Stock Exchange on the 14th of May in the deployment of health as a partner to complex health systems is important.
WBC shares were expected to start trading on April 11 on the JSE.
Mphendla Ndlela, a solo exhibition by Thami Jali ends on Sunday.
Transaction Capital, after last year’s dismal financial performance, is exploring the listing of its fast growing used vehicle business WeBuyCars.
If the company is too important to fail, you have to take a different approach, one that is focused on genuine business turnaround, and then the whole approach changes.
The company, however, anticipated that in its second half period to March 2024, revenue growth would likely be moderate compared to the year earlier.
It, however, said yesterday that it ‘remains committed to the Johannesburg Stock Exchange (JSE) and A2X Markets (A2X) in South Africa (SA) and the Ghana Stock Exchange (GhSE) in Ghana, on each of which it has maintained secondary’ listings.
No new shares were issued with the secondary listing on the JSE, and the company also remains listed on the premium segment of the London Stock Exchange.
‘We are delighted to be able to give our investors an alternative venue to trade and trust they will find this beneficial,’ says mobile operator.
AEEI said in a statement yesterday its decision followed the recent unbundling of the Group’s investment in Ayo Technology Solutions Limited (AYO) and the proposed disposal by Kilomix, a wholly owned subsidiary of AEEI, of its 30% shareholding in British Telecom South Africa (BTSA) for R290 million.
The discount reduces its ability to raise capital as a listed entity should a compelling but sizeable investment opportunity arise. It is a constraint that removes much of the benefit of being a listed entity.
A2X provides a secondary platform for companies to list their shares for trade.
Revenue decreased by 29% to R5. 8 billion. The cost of sales increased by 15. 1% to R6. 2bn, in part due to on-mine inflation being higher than consumer inflation.
The big question that the Steinhoff International debacle raises is whether the corporate governance requirement for having non-executive and independent directors to exercise oversight of management is a mere fig leaf; something that gives us a false sense of comfort, according to Ansie Ramalho, the chairperson of the King Committee .
In an extraordinary general meeting held in Amsterdam shareholders supported the company's proposal to delist.
The group said Sekunjalo Investment Holdings had made a firm offer to acquire the 15. 98 million shares of Premier Fishing and Brands it does not already own.
The review concluded that the most appropriate corporate structure for AngloGold Ashanti group is a UK corporate domicile with a US primary listing on the New York Stock Exchange and secondary listings on the JSE and A2X Markets in South Africa and the Ghana Stock Exchange in Ghana
The JSE has reduced its listings from 800 to 300 over the past 20 years.
It comes to the market at a time copper prices have risen by around 10% since the start of this year.
The approximate R6. 9 billion raised through the listing will be used by Brait to address its future liquidity requirements.