Capital Markets

Thungela Resources Limited

Thungela Resources Appoints Interim Board Members Amid 5% Stock Rise

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Thungela Resources appoints Yoza Jekwa to audit committee and social, ethics, and transformation committee.
  • Sango Ntsaluba joins the social, ethics, and transformation committee as a member.
  • Interim appointments fill vacancies following the passing of non-executive director Thero Setiloane.

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Ninety One Limited

Ninety One’s £7.67M Employee Benefit Trust Acquisition Makes Headlines

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Ninety One’s Employee Benefit Trust acquired 4.8 million shares for £7.67 million on June 7 in London.
  • This transaction showcases Ninety One’s strategic investment and commitment to employee benefits.
  • The acquisition aligns with broader market trends of companies prioritizing employee ownership and participation.

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Oceana Reports 84.4% EPS Growth, Declares 50% Higher Dividend

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Oceana Group’s EPS surged by 84.4%, reaching 587.6 cents, reflecting robust performance.
  • The company declared an interim dividend of 195 cents per share, a 50% increase.
  • Strong results were driven by Daybrook’s record earnings and improvements in Lucky Star’s performance.

Oceana Reports 84.4% EPS Growth, Declares 50% Higher Dividend Read More »

Omnia Reports 16% Revenue Increase and 10% Profit Growth Amid Market Volatility

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Omnia Holdings reported a 16% increase in revenue and a 10% rise in operating profit for FY24.
  • The Mining segment achieved a 26% increase in operating profit, driven by international growth.
  • Despite challenges, Omnia improved its net cash position by 27% and reduced net working capital by 15%.

Omnia Reports 16% Revenue Increase and 10% Profit Growth Amid Market Volatility Read More »

Transaction Capital’s H1 2024: Unlocking Value with R5.2 Billion Return and Net Cash Position Achievement

Business News, Capital Markets, Investing News, Stock Market /
  • Transaction Capital successfully unbundled and listed WeBuyCars, returning R5.2 billion to shareholders and achieving a net cash position.
  • Challenges in SA Taxi’s insurance business led to a core loss, prompting a focus on cash generation over profitability.
  • Transaction Capital’s strategic moves reflect a balance between short-term challenges and long-term value creation.

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Safeguard Public Finances

Namibia Asset Management Ltd Forecasts Earnings Decrease in Trading Statement for 2024’s First Half

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • NAM’s trading statement forecasts a decrease in earnings for the six-month period ending March 31, 2024.
  • Factors such as market conditions, investment performance, and operational efficiency contribute to the projected earnings decline.
  • Shareholders should monitor NAM’s financial performance closely and consider the implications for dividends and share value.

Namibia Asset Management Ltd Forecasts Earnings Decrease in Trading Statement for 2024’s First Half Read More »

MC Mining

Eastern Platinum Limited Achieves Record Revenue Growth in 2023, Sets Ambitious Targets for 2024

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Eastern Platinum Limited (Eastplats) reported record annual revenue of $106.9 million in 2023, a 98.3% increase over the previous year.
  • The company’s operational efficiency was evident in significant improvements in mine operating income and net income.
  • Eastplats outlined ambitious targets for 2024, focusing on resolving outstanding receivables, ramping up operations, and optimizing plant circuits.

Eastern Platinum Limited Achieves Record Revenue Growth in 2023, Sets Ambitious Targets for 2024 Read More »

Canal+ Boosts Stake in MultiChoice Group Limited, Acquiring Over 42% of Shares

Business News, Capital Markets, Finance News, Investing News /
  • Canal+ acquires shares in MultiChoice Group Limited, increasing its stake to approximately 42.47% of issued shares.
  • Legal and regulatory compliance ensured throughout the acquisition process, with disclosures made to the Takeover Regulation Panel (TRP).
  • US shareholders advised to consider legal and tax implications, seek guidance from professional advisors regarding Canal+’s acquisitions.

Canal+ Boosts Stake in MultiChoice Group Limited, Acquiring Over 42% of Shares Read More »