Capital Markets

CFO Departure Shakes Sasol: Rossouw Resigns, Transition Plan Initiated

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Resignation of CFO: Mr. Hanré Rossouw steps down as Sasol Limited’s Chief Financial Officer and executive director by October 31, 2024.
  • Acknowledgment and Transition: Sasol acknowledges Mr. Rossouw’s contributions and plans a structured transition period for the new CFO.
  • Market Implications: Investors monitor Sasol’s financial performance and leadership changes, anticipating market reactions amidst the CFO resignation.

CFO Departure Shakes Sasol: Rossouw Resigns, Transition Plan Initiated Read More »

Frontier Transport Holdings Limited Welcomes Nqobani Mkhwanazi as Independent Non-Executive Director

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Frontier Transport Holdings Limited appointed Mrs. Nqobani Mkhwanazi as an independent non-executive director.
  • Mrs. Mkhwanazi brings extensive experience in finance, property development, and investment management to her new role.
  • The appointment is expected to strengthen governance practices, drive strategic initiatives, and contribute to company growth.

Frontier Transport Holdings Limited Welcomes Nqobani Mkhwanazi as Independent Non-Executive Director Read More »

Gold Fields Limited Secures $1.6 Billion credit

Gold Fields Limited Announces CFO Retirement and Leadership Transition

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Gold Fields Limited announced the retirement of CFO Mr. Paul Andy Schmidt, effective from April 30, 2024.
  • Mr. Alex Dall appointed as Interim CFO starting May 1, 2024, ensuring a smooth transition in leadership.
  • The process to appoint a permanent CFO is in its final stages, with an announcement expected soon.

Gold Fields Limited Announces CFO Retirement and Leadership Transition Read More »

Southern Palladium’s Bengwenyama Project Hits Financial Milestone with US$700M NPV and 21% IRR

Business News, Capital Markets, Investing News, Stock Market /
  • Southern Palladium’s Bengwenyama project showcases strong financial viability with an NPV of US$700 million and an IRR of 21%.
  • The company’s leadership, including the appointment of Mr. Roger Baxter as Non-Executive Chairman, signifies strategic governance enhancements.
  • Environmental sustainability remains a priority, evidenced by ongoing Environmental Impact Assessment (EIA) efforts for the Bengwenyama project.

Southern Palladium’s Bengwenyama Project Hits Financial Milestone with US$700M NPV and 21% IRR Read More »

Cashbuild Limited Welcomes Hanré Bester as New CFO

Business News, Capital Markets, Investing News, Stock Market /
  • Cashbuild Limited appoints Hanré Bester as Chief Financial Officer, enhancing financial leadership and governance.
  • Hanré Bester’s background in finance, taxation expertise, and strategic insights are assets for Cashbuild.
  • Expectations are high for Bester’s impact on financial operations, compliance, and driving growth at Cashbuild.

Cashbuild Limited Welcomes Hanré Bester as New CFO Read More »

Coal mining

MC Mining Limited’s Leadership Transition and Financial Revitalization Spark Industry Attention

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • MC Mining Limited, previously Coal of Africa Limited, underwent a leadership change with Mr. Nhlanhla Nene’s resignation as Chairman.
  • Challenges during the pandemic led to financial restructuring, including a rights issue that revitalized key coal projects.
  • The company’s strategic realignment and enhanced stakeholder value position MC Mining for sustained growth and success.

MC Mining Limited’s Leadership Transition and Financial Revitalization Spark Industry Attention Read More »

Clicks Group Delivers Robust Financial Performance in Challenging Market Conditions, Forecasts Growth Ahead

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  • Clicks Group’s interim results demonstrate strong financial growth and resilience in a challenging market environment.
  • Key highlights include increased turnover, margin expansion, and strategic initiatives for future growth and profitability.
  • The company’s commitment to shareholders is evident through higher dividends and a positive outlook for earnings growth.

Clicks Group Delivers Robust Financial Performance in Challenging Market Conditions, Forecasts Growth Ahead Read More »

Satrix JSE

Copper 360 Limited Takes Legal Action Amid Share Price Plunge

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Copper 360 Limited faces suspected market manipulation due to unusual trades, leading to price drops and legal inquiries.
  • The company takes legal steps, requesting investigations by the FSCA and initiating an inquiry under the Companies Act.
  • Potential consequences include loss recovery, criminal charges, and implications for investors, regulators, and market integrity.

Copper 360 Limited Takes Legal Action Amid Share Price Plunge Read More »

Trustco Group Holdings Expands Portfolio with Strategic Acquisition of Legal Shield Holdings

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Trustco Group Holdings Limited acquires additional interest in Legal Shield Holdings Limited, signaling strategic expansion.
  • The acquisition aims to increase net asset value, benefit from post-Covid capital growth, and simplify investment portfolios.
  • Legal Shield Holdings’ financial performance and land portfolio contribute significantly to Trustco’s growth strategy.

Trustco Group Holdings Expands Portfolio with Strategic Acquisition of Legal Shield Holdings Read More »

Mondi plc Declares Strong Dividend Payouts for Shareholders Worldwide

Business News, Capital Markets, Investing News, Stock Market /
  • Mondi plc achieved revenues of €7.3 billion and underlying EBITDA of €1.2 billion in 2023, showcasing strong financial performance.
  • The final dividend payout of 46.67 euro cents per ordinary share for 2023 reflects Mondi’s commitment to shareholder value.
  • Shareholders in the UK will receive the dividend in sterling, while South African shareholders will receive it in rand cents.

Mondi plc Declares Strong Dividend Payouts for Shareholders Worldwide Read More »