News

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

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

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.

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

Ethos Capital Announces Brait PLC Unbundling Amid Regulatory Approval Awaited

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Ethos Capital plans to unbundle its holdings in Brait PLC, pending regulatory approval.
The transaction involves Black Hawk selling shares to Ethos Capital for no consideration.
Directors associated with Ethos Capital have disclosed their dealings in compliance with JSE requirements.

Ethos Capital Announces Brait PLC Unbundling Amid Regulatory Approval Awaited Read More »

Clicks Group Sells Unicorn Pharmaceuticals, Clears Path for New Licenses Amid Legal Resolution

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

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.

Clicks Group Sells Unicorn Pharmaceuticals, Clears Path for New Licenses Amid Legal Resolution Read More »

Sirius Real Estate Announces Change of Registered Office Address

Business News, Capital Markets, Investing News, Stock Market / Lethabo Ntsoane

Sirius Real Estate shifts registered office to Plaza House, Admiral Park, Guernsey.
Company maintains headquarters for subsidiaries Sirius Facilities GmbH and BizSpace.
Financial metrics show revenue up 11%, reaching £200 million in FY2023.

Sirius Real Estate Announces Change of Registered Office Address Read More »

Hudaco Industries Reports 6.3% Revenue Drop in H1 2024

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Revenue Decline: Hudaco’s revenue fell by 6.3% to R3,983 million in H1 2024.
Profit Decrease: Operating profit decreased by 11.0% to R414 million.
Dividend Stability: Interim dividend remains steady at 325 cents per share.

Hudaco Industries Reports 6.3% Revenue Drop in H1 2024 Read More »

SA Quarterly Capital Expenditure Declines in Q1 2024

Economy / Lethabo Ntsoane

Q1 2024 capital expenditure on new assets totaled R83.2 billion, down 12.4% from Q4 2023.
Year-on-year, capital expenditure increased by 2.8%, with notable growth in construction and IT equipment.
Plant, machinery, and equipment dominated spending, constituting 62.4% of total expenditure in Q1 2024.

SA Quarterly Capital Expenditure Declines in Q1 2024 Read More »

PBT Group Reports 3% Revenue Growth in FY2024, Declares Dividend

Business News, Capital Markets, Finance News, Investing News, Stock Market / Lethabo Ntsoane

Financial Performance: Revenue up 3%, EBITDA down 5.6%, dividend declared.
Distribution Details: 34 cents per share total distribution declared.
AGM and Compliance: AGM on August 2, B-BBEE compliance report available.

PBT Group Reports 3% Revenue Growth in FY2024, Declares Dividend Read More »

South Africa’s PPI Drops to 4.6% in May, Down from 5.1% in April

Economy / Lethabo Ntsoane

Producer Price Index (PPI) in South Africa fell to 4.6% in May, down from 5.1% in April.
This decline reflects easing inflationary pressures in the manufacturing sector.
Economists attribute the drop to lower fuel prices and stable exchange rates.

South Africa’s PPI Drops to 4.6% in May, Down from 5.1% in April Read More »

Primeserv Group FY 2024: Revenue Up 18%, EPS Soars 39%, Dividend Rises 43%

Business News, Capital Markets, Investing News, Stock Market / Lethabo Ntsoane

Primeserv Group reports an 18% increase in revenue to R950.6 million for FY 2024.
Earnings per share (EPS) surged by 39%, reaching 32.57 cents.
The company declared a 43% higher dividend of 10.00 cents per share.

Primeserv Group FY 2024: Revenue Up 18%, EPS Soars 39%, Dividend Rises 43% Read More »

Advance Health Acquisition

Sephaku Holdings’ Metier Acquires Phoenix Property for R21 Million

Business News, Capital Markets, Investing News, Stock Market / Lethabo Ntsoane

Sephaku Holdings’ subsidiary, Metier, acquired Phoenix Property in Phoenix Industrial Park for R21 million.
The acquisition secures Metier’s operational hub and offers rental income opportunities.
Sephaku Holdings aims for cost-effective growth in South Africa’s construction materials sector.

Sephaku Holdings’ Metier Acquires Phoenix Property for R21 Million Read More »