Finance News Archives

Tongaat Hulett Equity Plan: Vision Investments to Acquire 97.3% Stake Amid Delisting Risks

Tongaat Hulett Limited implements a business rescue plan involving an equity subscription.
Vision Investments will acquire 97.3% of THL’s share capital through the subscription.
Shareholders face potential delisting risks despite plans to retain THL on the JSE.

Clicks Group will sell its stake in Unicorn Pharmaceuticals to comply with a Constitutional Court judgment.
The sale will allow the Department of Health to issue new retail pharmacy licenses to Clicks Group.
The divestment supports Clicks Group’s expansion in providing accessible healthcare across South Africa.

Brait PLC’s FY 2024 results showcase impressive growth and profitability across key assets.
Virgin Active’s EBITDA surged to £80 million, up from £33 million in September 2023.
Premier recorded a 19% EBITDA growth to R2.1 billion, with a leverage ratio of 0.9x.