Thursday, July 3, 2025
Tag:

Lesaka Technologies

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.

Ghost Bites (Absa | Crookes | Lesaka | PBT | Reinet | Remgro – eMedia | RMB Holdings | SA Corporate Real Estate |...

Absa's trading update reflects a much lower credit loss ratio. Lesaka is buying Bank Zero. Crookes and Sea Harvest gave us agri updates. Remgro is unbundling its eMedia exposure. Reinet might sell Pension Insurance Corp. RMB Holdings has a tough story to sell. SA Corporate Real Estate's update has fascinating read-through for grocery retail.

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 (Accelerate Property Fund | AECI | ArcelorMittal | Emira Property Fund | enX | Ethos Capital | Jubilee Metals | Nampak |...

Positive signs at Accelerate Property Fund. AECI, enX and Ethos Capital announced disposals. ArcelorMittal can keep the Longs business alive for now. Emira, Jubilee Metals, PSG, Sephaku, Vukile and York Timber had financial updates. Phil Roux is leaving Nampak.

GHOST BITES (FirstRand | Grindrod | Lesaka Technologies | Lighthouse | MTN | Mustek | Sanlam)

FirstRand and Sanlam released strong financial services sector numbers. Lighthouse is acquiring a property in Madrid and Lesaka completed the Recharger acquisition. MTN Uganda released terrific numbers. Grindrod had a tough year. I still don't know why Novus wants Mustek.

Weekly corporate finance activity by SA exchange-listed companies

Weekly summary of corporate finance activity by South African exchange listed companies

GHOST BITES (Anglo American | Anglo American Platinum | ArcelorMittal | DRDGOLD | Gold Fields | Hudaco | KAL Group | Kumba Iron Ore...

It was a very busy day of news in mining, with the Anglo group companies as well as DRDGOLD and Gold Fields all releasing updates. ArcelorMittal is trying to save the longs business. Hudaco has a sobering outlook. KAL Group is off to a solid start this year. Lesaka hit guidance once again.

Who’s doing what this week in the South African M&A space?

Weekly summary of Merger & Acquisition activity by South African companies
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