Tag:
Discovery
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 (Burstone | Bytes Technology | Discovery | Gemfields | Insimbi Industrial | MAS | Netcare)
Gemfields is having a tough time - and so is Bytes Technology. Burstone, MAS and Netcare released important financial updates. Discovery achieved exceptional returns on its CMT investment. Insimbi is trying to claw its way back.
Ghost Bites
Ghost Bites (Libstar | Mr Price | Old Mutual | Primary Health Properties | SPAR | STADIO | Woolworths)
Libstar is doing much better than before. In related sector news, Woolworths is acquiring in2food from Old Mutual Private Equity. Separately, Old Mutual released results for 2025. Mr Price is still trying to convince the market that NKD is a good deal. STADIO is growing beautifully. SPAR has launched a voluntary severance programme. Primary Health Properties released results.
Ghost Bites
Ghost Bites (MTN Rwanda | Resilient REIT | Sanlam | Standard Bank | Woolworths)
Growth in Africa is visible at Standard Bank and MTN Rwanda. Woolworths has a new CEO - and it's an internal appointment this time. Resilient REIT achieved double-digit dividend growth. Sanlam's results are complex.
Ghost Bites
Ghost Bites (AVI | Choppies | Harmony Gold | Mpact | Pan African Resources | Santam | Southern Sun | Merafe | Sun International)
A busy day of earnings updates saw AVI, Mpact, Santam and Sun International give us a view on primarily the South African economy. Choppies has problems in Botswana. Harmony Gold gave an idea of earnings growth, while Pan African Resources is pressing forward in Australia. Southern Sun's deal for the Sandton properties has fallen through.
Ghost Bites
Ghost Bites (Aspen | Brimstone | Caxton | Discovery | iOCO | Nedbank | Optasia | Sea Harvest | Shoprite | WBHO | Weaver)
Sea Harvest just had the year of their lives. Nedbank has taken major transformative steps. Shoprite is still growing despite the low-inflation environment. Aspen, Brimstone, Caxton, Discovery, iOCO, Optasia, WBHO and Weaver rounded out a busy day on the market.
Ghost Bites
Ghost Bites (Discovery | Fortress Real Estate | KAP | Libstar | Nedbank | OUTsurance | Spur | Tiger Brands | Truworths)
Strong numbers came through from Discovery, Fortress Real Estate, Libstar and Spur. Tiger Brands is doing as well as they can in a deflationary environment. KAP is doing better on margins, but has much work to do on revenue. OUTsurance had a tough period in Australia, but decent numbers overall. Nedbank is struggling to find growth, while Truworths remains reliant on the UK.
Ghost Bites
Ghost Bites (Bidvest | DRDGOLD | Hyprop | Metair | Northam Platinum | Orion | Pick n Pay | RMB Holdings | Vukile Property...
Pick n Pay looks more like a basket case by the day, with losses increasing rather than improving. RMB Holdings announced an offer by the Atterbury consortium. Vukile Property Fund's local festive numbers look good. Other updates came in from Bidvest, DRDGOLD, Hyprop, Metair, Northam Platinum and Orion Minerals.
