South Africa's premier personal finance News| Page 21 of 77

Goldway Capital’s Off-Market Takeover Bid for MC Mining Limited Captures Financial Market Attention

Goldway Capital Investment Limited’s off-market takeover bid for MC Mining Limited is a significant financial development.
Shareholders should consider potential risks and Goldway’s strategic intentions before making decisions.
ASIC’s relief for offer extension highlights the complexity and thorough evaluation required in such takeover bids.

Lesaka Technologies, Inc. plans a special meeting to approve stock options for its Executive Chairman and amend its Stock Incentive Plan.
Shareholder approval is crucial for these strategic decisions, reflecting Lesaka’s commitment to transparency and corporate governance principles.
The company’s mission of financial inclusion, dual listings on Nasdaq and JSE, and proactive investor relations highlight its growth trajectory.

Canal+ acquires 14.92 million shares in MultiChoice, reaching a 40.01% ownership stake.
The strategic move aims to leverage MultiChoice’s market position, content offerings, and technological capabilities.
Compliance with regulatory requirements, engagement of financial advisors and legal counsel, and global market impact are key aspects.

AH-VEST LIMITED expects a 29.4% rise in EPS and a 37.0% increase in HEPS for the period.
Factors contributing to this growth include revenue increase, cost management, and operational efficiency.
Investors should assess profitability trends, management strategy, and potential risk factors before considering investments in AH-VEST LIMITED.

- Luke Fleurs, a talented Kaizer Chiefs defender, was tragically killed in a hijacking incident in Roodepoort, South Africa, sparking nationwide grief and calls for action against crime.
- Six suspects have been arrested in connection with Fleurs’ murder and are set to appear in court, offering a glimmer of hope for justice amidst the tragedy.
- Fleurs’ death serves as a somber reminder of the urgent need for collective efforts to address South Africa’s escalating crime crisis and ensure the safety of its citizens, while also uniting communities in mourning and determination for change.

The residents of Mmamatlakala village in Limpopo demand government action to widen the road after a devastating bus crash claims 45 lives, sparking widespread trauma and highlighting the need for emergency services.
President Cyril Ramaphosa and President Mokgweetsi Masisi visit the crash site, emphasizing the seriousness of the incident and the importance of collaborative efforts between countries to address safety concerns.
Government officials pledge to prioritize road safety initiatives, infrastructure improvements, and emergency response capabilities, while community-based programs aim to raise awareness and empower residents to prevent future tragedies.

Backlog of Claims: The Road Accident Fund is currently facing a significant backlog of 321,000 claims that need to be resolved.
Call for Documentation: Claimants who submitted their claims before April 2022 are urged to provide any outstanding documentation to the Compensation Fund to expedite the processing of their claims.
Submission Options: Claimants have various options for submitting their documents, including through the Fund’s website, regional offices, or by contacting the Fund’s helpline.

The Higher Education Minister Blade Nzimande has dissolved the board of the National Student Financial Aid Scheme (NSFAS), aiming to enhance the efficiency of the student aid program.
The South African Students’ Congress (Sasco) sees this dissolution as a triumph for students relying on NSFAS funding, and they plan to protest against the Department of Higher Education’s continued use of service providers with invalid contracts for NSFAS allowance disbursement.
Sasco emphasizes the ongoing challenges in accessing NSFAS allowances, highlighting administrative inefficiencies and calling for transparency and accountability from both the Department of Higher Education and NSFAS.

The High Court in Polokwane, Limpopo, has sentenced five individuals to life imprisonment for the murder of Municipal Mayor Moses Maluleke, along with additional charges including conspiracy to commit robbery and possession of illegal firearms.
The judge emphasized the severity of the crime, highlighting the ongoing suffering of Maluleke’s son and declaring the perpetrators unfit to possess firearms.
The verdict has been welcomed by the Maluleke family and the Limpopo NPA, with hopes that it will serve as a deterrent to potential offenders. However, the family continues to call for the arrest of the mastermind behind the murder.

Moeletsi Sedi, a 40-year-old man in Rustenburg, was tragically mauled to death by dogs at his workplace, sparking outcry and demands for justice from his grieving family.
Family members allege that the dogs were intentionally released to harm Moeletsi by his employer, whom they hold responsible for his death.
Local citizen groups are calling for the dogs’ owner to be charged with murder, while police investigations are ongoing and the dogs have been seized by the SPCA.