Latest News & Developments
Nissan and Honda have officially scrapped their merger talks that would have created the world’s third largest automotive company.
Lacklustre consumer spending and stiff competition in several markets is making life hard for many automakers.
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.
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 is acquiring 78. 82% of UK-based logistics and transport business CBW Group Holdings for £30. 3 million.
Elon Musk's $44 billion Twitter takeover has so far been marked by turmoil. Here's who initially invested in the deal, and why.
Following the $44 billion buyout by Musk in October, half the platform's staff were fired - including specialists in the ethics teams and engineers.
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 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.
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.
A tweet alleged that American sports apparel company Nike had put in an offer to purchase local sneaker brand Bathu.
Telecoms companies MTN and Telkom told their shareholders that they have entered into a formal discussion about MTN buying Telkom.
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.
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.
The name change and rebrand follows the 2018 change of ownership of Astron Energy and its exit from the Chevron group of companies.
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.
The RMH board said it had considered a number of factors in arriving at its view of the approaches.
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, together with Autumn Storm, would retain a 10 percent shareholding, which was subject to a two-year option agreement.
SERITI Capital Partners has announced the purchase of 100 percent of the shares of Cannon Asset Managers from Bidvest Financial Services.
According to the bourse, following the conclusion of the transaction, the ISPS staff transfer to JIS, effective from 1 September 2021.
Acquisition in line with Massmart’s intent to accelerate eCommerce growth.
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.
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.
The acquisition forms part of the company’s international expansion strategy and will be its first major investment in the continent.