Kumba Iron Ore Appoints Neo Mokhesi as Independent Director

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  • Neo Violet Mokhesi appointed as independent director at Kumba Iron Ore, effective July 1, 2024.
  • Mokhesi brings extensive board experience from companies like Barloworld Limited and WDB Investment Holdings.
  • Kumba, part of Anglo American plc, exports iron ore globally, serving major markets including China and Japan.

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SANRAL Director Resignation Sparks Governance Reorganization Amid Infrastructure Projects

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  • Ms. Noluphumzo Leonora Noxaka resigns from SANRAL’s Board, effective July 2, 2024.
  • SANRAL initiates reconstitution of sub-committees following Noxaka’s departure.
  • Engagement with National Treasury and Department of Transport underway to fill board vacancies.

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Cashbuild Appoints New CFO and Announces Board Changes Amid Strong Performance

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  • Appointment of Hanré Bester: Named new CFO effective July 1, 2024, replacing Etienne Prowse.
  • Board Committee Changes: Bester appointed to IT Governance and Investment Committees, succeeding Prowse.
  • Strategic Implications: Enhances governance and investment oversight amidst Cashbuild’s growth trajectory.

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Nedbank

Deep Yellow Taps Nedbank for Tumas Project Financing, Eyes Optimal Uranium Growth

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  • Deep Yellow Limited appoints Nedbank for Tumas Project financing in Namibia.
  • Nedbank chosen for its extensive experience in financing African mining projects, including uranium.
  • The appointment aims to secure competitive funding for optimal project development and market exposure.

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

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  • 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

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  • 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.

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

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  • 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.

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