Finance News

• Kore Potash advances negotiations with PowerChina for Kola project EPC contract.
• Key discussions held in Beijing, further session planned for early July.
• Funding requirements highlighted for working capital and project construction financing.

Sirius Real Estate, a leading owner of business and industrial parks, announced major UK acquisitions. The company spent over £31

Sasol Limited has achieved a major legal victory. The High Court has awarded the company R3.89 billion in damages. This

• Nampak expects HEPS of 4,700-5,500 cents and EPS of 4,600-5,400 cents for continuing operations in HY24.
• The company reported improved financial performance due to cost reduction, lower forex losses, and asset disposals.
• Nampak’s WANS for HY23 was re-presented due to share consolidation and rights offer in September 2023.

• Safari Investments RSA (SAR) reports a 7% increase in operating profit to R302.6 million.
• Occupancy rate climbs to 97.62% with a vacancy factor of only 2.38%.
• Declares a dividend of 31 cents per share despite a decrease in distributable earnings.

• 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.

• 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.

• 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.

• 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%.