Tag:
Lesaka Technologies
Ghost Bites
Ghost Bites (Lesaka Technologies | Spear REIT)
Lesaka Technologies wants to sweeten the deal for the executive chairman in the form of new share options. Spear REIT has met all conditions for the acquisition of Watergate Centre.
Ghost Bites
Ghost Bites (BHP | Brait | enX | Libstar | Reinet | Sephaku | STADIO)
Brait is stretching the definition of "value unlock" to breaking point. Libstar is having a rough interim period. BHP's Jansen Project is neither on time nor on budget. In happier news, STADIO's growth strategy is working and Sephaku grew earnings despite pressure at its associate. Reinet is starting to return cash to shareholders. enX found an international buyer for New Way Power.
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 (Collins Property Group | Pick n Pay – Boxer | Spear REIT | Vukile Property Fund)
The market paid Pick n Pay a premium to VWAP for Boxer, but a discount to spot. In a busy day for the property sector, Vukile announced a capital raise to support an expansion to Italy, Spear REIT is in talks for a deal in the Western Cape and Collins Property Group released results.
Ghost Bites
Ghost Bites (Anglo American | Astral Foods | Calgro M3 | enX | Famous Brands | Harmony Gold | Nutun | Pick n Pay...
An enormous day of news saw 12 major corporate updates across multiple sectors, all covered in detail in Ghost Bites alongside the smaller Nibbles.
Ghost Bites
Ghost Bites (Altron | Datatec | Gold Fields | Lesaka Technologies | Life Healthcare | Sappi | Southern Sun)
Altron, Datatec, Gold Fields, Lesaka Technologies and Southern Sun all have good news stories to tell. The same certainly can't be said for Sappi, where shareholders are facing disaster. At Life Healthcare, the latest period was a disappointment for the market.
Ghost Bites
Ghost Bites (African Rainbow Minerals | CA Sales | Grindrod)
PGMs carried African Rainbow Minerals through the latest period. At Grindrod, the Port and Terminals segment has more than offset the pressure in Logistics. CA Sales announced a bolt-on acquisition in South Africa.
Ghost Bites
Ghost Bites (Aspen | Capitec | City Lodge | Nampak | Pan African Resources | Trustco)
Capitec's excellent growth story continues. Pan African Resources made a fortune in 2025. Aspen's interims are predictably awful, but they are looking to the future. Nampak's business update is encouraging. City Lodge's growth was offset by currency moves. Trustco's Meya Mining raised debt for its diamond mining ambitions.
