Tag:
Capitec
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 (Astoria | FirstRand | iOCO | Pick n Pay)
Pick n Pay's losses remain stubbornly high, with reasons for investors to be concerned about this turnaround. iOCO is doing well these days and has given strong guidance. FirstRand took a 20.1% stake in Optasia. Astoria is adding its name to the list of companies that would prefer to build in private.
Ghost Bites
Ghost Bites (Harmony Gold | Metrofile | Orion Minerals | Quantum Foods | Safari Investments)
Quantum Foods had a much softer second half, but still a vastly improved year. Harmony Gold completed the MAC Copper deal. Metrofile and Safari Investments released their deal circulars. Orion Minerals released a quarterly report.
Ghost Bites
Ghost Bites (ASP Isotopes | Exemplar REITail | Karooooo | Vukile Property Fund | Vunani)
ASP Isotopes is raising $210 million to take advantage of the jump in the share price. Vukile Property Fund is raising R2 billion for acquisitions. Karooooo released solid numbers. Exemplar REITail is buying two retail properties. Vunani's trading statement looks good.
Capitec
The Finance Ghost Plugged in with Capitec: Ep 4 (A dose of inspiration with The Local Choice Pharmacy)
Hugh Cunningham is as passionate about customer service and product assortment as he is about medicine. As the co-owner of The Local Choice Pharmacy Harmelia, Hugh focuses on business management, while his wife and co-founder Yolandi ensures the dispensary runs smoothly. On episode 4 of The Finance Ghost Plugged in with Capitec, Hugh shares excellent insights on specialist retail and how pharmacies really work.
Ghost Bites
Ghost Bites (Africa Bitcoin Corporation | Curro | eMedia | Orion Minerals | Prosus | Trustco)
Curro is ready to go private. Prosus can close the Just Eat Takeaway.com deal. eMedia is making a significant offshore investment. Africa Bitcoin Corporation needs to get up the J-curve a lot faster. Orion Minerals is enjoying strong capital raising support. Trustco has once again angered the JSE.
Ghost Bites
Ghost Bites (Barloworld | Capitec | SPAR)
Capitec remains South Africa's most impressive corporate story. At literally the opposite end of the spectrum, we find SPAR with poor growth and clearly no real idea how to fix it. Barloworld has waived the COMESA condition and the offer is now closing this month.
Capitec
The Finance Ghost Plugged in with Capitec: Ep 3 (Blueprints to breakthrough with Legaro Property Development)
With a background in law and economics, Obaratile (OB) Semenya’s approach to property includes exposure at practically every part of the value chain. From developing high-end residential projects through Legaro Property Development to driving sales at his real estate agency, Natural Property, he’s mastered the full property journey. And with extensive experience working closely with Balwin, OB also knows his way around the biggest developments around.
