South Africa's premier personal finance News| Page 22 of 77

Sibanye-Stillwater Initiates Section 189 Consultations for SA Region Restructuring

Sibanye-Stillwater initiates Section 189 consultations for SA region restructuring under the Labour Relations Act.
The restructuring targets cost reduction, operational efficiency, and long-term sustainability, affecting employees and contractors.
Strategic engagement with stakeholders, including exploring alternative measures, aims to mitigate job losses and enhance performance.

Lighthouse Properties p.l.c. in Malta offers shareholders a dividend choice between cash and Scrip Distribution.
Fractional entitlements are handled by rounding down to the nearest whole number, with tax implications considered.
Shareholders can optimize returns through tax planning, diversification, and strategic reinvestment of dividends.

Renergen Limited announces retirement of Mr. Luigi Matteucci and resignation of Ms. Skweyiya from the board.
CEO Stefano Marani expresses gratitude for contributions, highlighting the evolution of the Virginia Gas Project.
Implications include the need for succession planning, board diversity, and managing investor sentiment during transitions.

Kibo Energy PLC’s subsidiary, Mast Energy Developments PLC (MED), achieves successful completion of Pyebridge project ahead of schedule.
MED secures multiple Capacity Market contracts, ensuring steady income and financial stability for future developments.
MED progresses Hindlip Lane project, receives necessary approvals, and initiates discussions for project capex funding.

SERE’s property portfolio valued at €208.1 million, showing resilience despite a -1.0% valuation decrease in Q1 2024.
Office assets experienced mixed performance, with St Cloud, Paris, witnessing an increase in valuation due to income growth.
SERE maintains a strong financial position with a portfolio LTV of 33% gross and 24% net of cash.

Afrimat Limited’s acquisition of Lafarge South Africa boosts its presence in the construction materials sector.
The strategic rationale includes diversification, expansion, and entry into new markets like cement extenders.
Financial implications include increased revenue, improved profit margins, and market share growth in construction.

Ellies Holdings Limited, a South African company, is discontinuing business rescue and moving towards liquidation.
The decision reflects severe financial distress, with implications for shareholders, creditors, and employees.
Factors contributing to the situation include high debt levels, market conditions, and management decisions.

MC Mining Limited faces a takeover offer from Goldway Capital Investment Limited, prompting financial considerations.
Goldway’s offer includes A$0.16 per share, potential delisting, and compulsory acquisition implications.
Shareholders must weigh liquidity concerns, delisting impacts, and compulsory acquisition risks before deciding on the offer.

Sappi Southern Africa Limited, a prominent player in the South African market, recently announced a partial capital reduction under its

Tragic Loss: A 50-year-old man, Motaung Mokemane, lost his life in Maokeng, Kroonstad, due to heavy downpours and flooding, highlighting the devastating impact of the extreme weather conditions on individuals.
Community Impact: The torrential rains across Kroonstad and the Free State have affected numerous households, with an estimated 80 households impacted by the flooding. The community is reeling from the emotional and physical toll of the disaster, with authorities assessing the damage and preparing contingency plans for affected residents.
Misinformation Alert: Concerns have been raised about the spread of misleading information on social media platforms, prompting authorities to caution against inaccurate depictions of the situation. This highlights the importance of verifying information during times of crisis to ensure accurate reporting and effective response efforts.