News | Page 51 of 119

Goldway Capital Launches Off-Market Takeover Bid for MC Mining Limited Shares

Goldway Capital Investment Limited initiated an off-market takeover bid for MC Mining Limited’s ordinary shares.
The offer includes intentions to delist MC Mining Limited and compulsory acquisition rights above a certain threshold.
Shareholders face a critical decision regarding the offer, considering factors like offer price and market conditions.

BHP’s operational review highlights growth in copper and energy coal segments despite challenges in metallurgical coal.
Strategic reshaping initiatives include divesting assets and optimizing operations, particularly in the nickel business.
Commitment to ESG governance, board changes, and ongoing investments underscore BHP’s resilience and strategic focus.

Oceana Group Limited anticipates significant increases in EPS and HEPS, projecting a 94% to 104% surge.
Key drivers of this performance include higher sales volumes at Daybrook and improved canned food sales at Lucky Star.
Challenges such as lower Wild Caught Seafood sales volumes highlight industry volatility and the need for adaptability.

Eastplats, a Canadian company with South African operations, faced challenges in filing financial statements, triggering a temporary MCTO.
The MCTO allows Eastplats to continue operations while resolving the filing issue, impacting investor confidence and share prices.
Investors should assess risks, consider long-term implications, and stay informed about Eastplats’ progress in resolving regulatory issues.

OUTsurance Group Limited appointed Mr. Peter Widdows as interim chairman at Youi Holdings Limited on 17 April 2024.
Mr. Widdows, a long-standing director, brings valuable experience and expertise to Youi during this transitional period.
The appointment ensures continuity of leadership, effective governance, and strategic decision-making within OGL’s subsidiary structure.

Insimbi Industrial Holdings Limited experienced a significant decline in EPS and HEPS for the year ended 29 February 2024.
Factors contributing to the decline included economic challenges, port issues, commodity price volatility, and load shedding.
Despite these challenges, Insimbi implemented cost-saving measures and maintained cash generation and capitalization, ensuring resilience.

Insider transactions at Adcock Ingram: Employee Share Trust purchased shares, Director exercised options, signaling confidence and commitment.
Implications for the market: Positive investor sentiment, alignment of interests, potential catalyst for stock performance.
Conclusion: Transactions reflect internal dynamics, bolster investor confidence, and reinforce trust in Adcock Ingram’s future prospects.

Orion Minerals, a major player in mining, is acquiring the Okiep Copper Project for strategic expansion.
The acquisition involves phased payments in cash and Orion Shares, enhancing shareholder value.
This move aligns with Orion’s vision to become a leading international base metals producer.

Legal Dispute: Busisiwe Mkhwebane, former Public Protector, is embroiled in a legal battle over the non-payment of her R10 million gratuity after being impeached.
Constitutional Challenge: Mkhwebane alleges that the Office of the Public Protector’s refusal to pay her gratuity is unconstitutional and violates her rights to fair labor practices.
Upcoming Hearing: The court has adjourned the case until Thursday to allow both parties to clarify their positions, with Mkhwebane expected to argue her case based on labor laws governing post-employment compensation.

- The Senzo Meyiwa murder trial has been temporarily adjourned to allow for the testimony of a cellphone data analyst, Gideon Gouws, regarding evidence extracted from a phone allegedly found in possession of one of the accused, Bongani Ntanzi.
- Warrant Officer Lawrence Ndlovu, specializing in digital forensic investigations, testified about the secure handling and analysis of the phone’s data, which is expected to be highlighted by Gouws during his testimony.
- The trial, marked by tense courtroom proceedings and public interest, represents a significant pursuit of justice for Meyiwa’s tragic death, with expert testimonies playing a crucial role in elucidating the truth and seeking accountability amidst broader societal issues.