Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo

BHP and Lundin Mining to Acquire Filo Corp. and Form Joint Venture

  • BHP and Lundin Mining are acquiring Filo Corp. in a $4.1 billion deal, with BHP paying $2.1 billion in cash.
  • They will form a 50/50 joint venture to develop the Filo del Sol and Josemaria projects.
  • The transaction includes a premium of 32.2% over Filo Corp.’s 30-day average share price.

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Netcare Limited Announces Leadership Changes

  • Mark Bower to Retire: Mark Bower will retire as Chairperson and from key committees on 30 September 2024.
  • New Appointments: Alex Maditse appointed as lead independent director; Ian Kirk joins the Audit Committee effective 30 September 2024.
  • Financial Performance: Netcare reported a 4.2% revenue increase and a 4.1% rise in net profit for FY2023.

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Efora Energy Issues Trading Statement: Predicts Significant Loss for FY 2024

  • Financial Projections: Efora Energy expects a headline loss per share between 1.67 cents and 1.77 cents.
  • Compliance: Efora issued the trading statement under JSE rules, highlighting a significant financial decline.
  • Publication Date: The audited results for the year ended February 29, 2024, will be published on July 29, 2024.

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