Exchange-Listed Companies

KAL Group via its wholly owned subsidiary Agrimark Operations, has entered into an agreement with Agriplas Holdings, an investment holding company owned by Sana Partners Fund 2, to dispose of Agriplas ltd and the Stikland property on which the Agriplas manufacturing facility is based. The disposal forms part of KAL’s strategy to exit its non-core manufacturing operations and to focus its resources on its retail and ancillary offering. The purchase consideration for the sale equity is R155 million while the purchase consideration for the property is R67,5 million. KAL will use the proceeds to reduce debt and strengthen the balance sheet for future investment opportunities.

Mustek has acquired a 51% stake in Business AI, a local startup for R7 million. Business AI specialises in building a dedicated business-to-business marketplace for artificial intelligence. It will provide enterprises with a single, trusted environment to access vetted AI vendors, products, platforms, solution providers and data centres.

MultiChoice and Canal+ have released an updated timetable in respect of the implementation of the mandatory offer. The offer closes on 10 October 2025 with the results due to be published on 14 October 2025.

Unlisted Companies

Local integrated digital identity and e-KYC platform Contactable, has secured US$13,5 million in new capital from a round led by Venture Capitalworks along with co-investors including Fireball Capital, Ke Nako Capital and MAVOVO. The investment will be used to accelerate its African expansion strategy and to commercialise its next generation of technologies.

South African fintech company Street Wallet has announced the acquisition of Digitip, a local startup enabling informal workers to receive digital tips. The acquisition, financial details of which were not disclosed, expands the company’s footprint into KZN and underscores its broader strategy of embedding informal workers into the digital economy financial ecosystem.

Black-owned Shingai Itai consortium led by Shingai Retail Investments, is to acquire the Jwayelani chain from Choppies Supermarkets South Africa. The acquirers aim to relaunch the supermarkets as a neighbourhood discount chain while creating a food platform for black-owned producers, farmers and suppliers.

DealMakers is SA’s quarterly M&A publication.
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