Tag:
African Rainbow Minerals
DealMakers
Who’s doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
Ghost Bites
Ghost Bites (African Rainbow Minerals | Aveng | MAS | Nedbank | Sibanye-Stillwater | STADIO | Vodacom – Remgro)
The Prime Kapital parties almost have control of MAS. STADIO is growing strongly. Nedbank is selling Ecobank. Sibanye's earnings are up 19x year-on-year. Aveng's numbers are deeply in the red. African Rainbow Minerals bought more of Surge Copper. Vodacom and Remgro are nearly there with the fibre deal.
Ghost Bites
Ghost Bites (AECI | African Rainbow Minerals | ArcelorMittal | Barloworld | Exxaro | Goldrush | Invicta | Lesaka | Lighthouse | MAS |...
An exceptionally busy day of news saw financial updates from AECI, Exxaro, Goldrush, Invicta, Lighthouse, MAS, Resilient, Spear REIT and Sephaku. News of corporate actions came through from African Rainbow Minerals, ArcelorMittal, Barloworld and Lesaka Technologies.
DealMakers
Weekly corporate finance activity by SA exchange-listed companies
Weekly summary of corporate finance activity by South African exchange listed companies
Ghost Bites
Ghost Bites (Capital Appreciation | Gemfields | MAS | Master Drilling | Vunani)
Capital Appreciation enjoyed a much better financial year. Gemfields has good news from Mozambique. MAS released the notice of the EGM. Master Drilling is increasing its stake in A&R. Vunani's results are poor.
Ghost Bites
Ghost Bites (Assura – Primary Health Properties | MultiChoice | Naspers – Prosus | Pan African Resources)
Pan African Resources and Naspers/Prosus have both been winners for me this year, with latest numbers showing why. MultiChoice is in much pain. Assura is going ahead with the KKR/Stonepeak offer, not the Primary Health Properties merger.
Ghost Bites
GHOST BITES (Alphamin | Assura – Primary Health Properties | Jubilee | Purple Group)
Purple Group's growth flywheel is spinning. Alphamin is back up and running at the Bisie tin mine. Assura has rejected the Primary Health Properties deal and gone with the all-cash offer from KKR/Stonepeak.
Ghost Bites
GHOST BITES (African Rainbow Minerals | Exxaro | Putprop | Rainbow Chicken)
Rainbow Chicken is definitely the good news story of the day, with Putprop also moving in the right direction. African Rainbow Minerals is getting dragged down by PGMs. Exxaro has been impacted by cost pressures.
