Tag:
KAL Group
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 (Boxer | CMH | Emira | HCI | MC Mining | PSG Financial Services | Vukile)
Boxer and Vukile show us where the growth is in South Africa, while Emira is struggling with its property portfolio. CMH has done a great job in a changing automotive environment. PSG Financial Services is going from strength to strength. HCI keeps jumping through hoops for SACTWU. MC Mining made a gross loss - not something you'll see very often!
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 (Blu Label | Choppies | KAL Group | MultiChoice | PPC | Renergen | York Timber)
Canal+ is in effective control of MultiChoice. Blu Label released full details for the Cell C listing, leading to plenty of differing opinions online. PPC's turnaround is working and even York Timber is looking better. Renergen has settled with Springbok Solar. Choppies is doing well in Botswana despite macroeconomic concerns. KAL Group is selling Agriplas.
Ghost Bites
GHOST BITES (Altron | BHP | Bytes | Exxaro | Grindrod | Octodec | Santam | South32)
Exxaro announced a large manganese acquisition. Santam's momentum continues. Altron had a great year. Bytes grew strongly but has flagged slower growth ahead. Grindrod is out of its last non-core asset. BHP and South32 released useful conference presentations.
Ghost Bites
GHOST BITES (AngloGold | Barloworld | Collins Property Group | Mantengu Mining | Montauk Renewables | Newpark REIT | Old Mutual | Raubex |...
AngloGold's profits are much higher and Sibanye is smiling as well. The offer for Barloworld needs more acceptances. Mantengu Mining has gone nuclear on share manipulation allegations. Raubex is the subject of whistleblower allegations. There's property news from Collins and Newpark. Old Mutual has announced their new CEO.
Ghost Bites
GHOST BITES (AB InBev | enX | Gemfields | KAL | Lesaka | Mondi | Prosus – Naspers | Sappi)
AB InBev's numbers reflect consumer trends with alcohol. Mondi and Sappi reported very divergent numbers. Prosus - Naspers released a shareholder letter. Lesaka's numbers are growing. KAL was impacted by fuel prices. Gemfields is digging for better emeralds. enX misses loadshedding.
Ghost Bites
GHOST BITES (ArcelorMittal | Choppies | Libstar | OUTsurance | Renergen | SA Corporate | Thungela | York Timbers)
Renergen has finally filled a helium container. OUTsurance released exceptional numbers. Thungela is buying out the Australian minorities. Libstar released poor numbers. Look out for ArcelorMittal, Choppies, SA Corporate Real Estate and York Timbers as well.
