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NEPI Rockcastle

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 (Advtech | Gold Fields | Italtile | MTN | Southern Palladium)

MTN's share price has taken another knock. Advtech and Gold Fields have positive stories to tell, but the same can't be said for Italtile, where the manufacturing business is under immense pressure. Southern Palladium has been granted a mining right.

Ghost Bites (Accelerate Property Fund | Bytes Technology | Capitec | Sappi)

Accelerate Property Fund has made more progress. Bytes Technology investors must be patient for growth in profits. Capitec has sold its rental finance business to Sasfin. Sappi jumped on positive news about recent trading.

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.

Ghost Bites (CA Sales | Premier | Stor-Age | Vukile Property)

Vukile is doing well everywhere, while property sector peer Stor-Age's strong local performance is being diluted by tough conditions in the UK. It's Chuckles all round for Premier investors thanks to the Millbake numbers. CA Sales is dipping into digital with a new acquisition.

Ghost Bites (Equites Property Fund | KAL Group | Karooooo | NEPI Rockcastle | Reunert | Tharisa)

Equites Property Fund and NEPI Rockcastle are good reminders of the strength of REITs. KAL Group is one of the last "cheap" South African assets. Karooooo upset the market with its margins this year, but they are playing the long game. Reunert has been dragged down by its cables business. Tharisa's earnings have skyrocketed.

Weekly corporate finance activity by SA exchange-listed companies

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

Ghost Bites (Bell Equipment | MAS | Sirius Real Estate)

Bell Equipment had a tough year, but they've emerged with a stronger balance sheet. Sirius Real Estate has executed another deal in the German defence strategy. MAS shareholders jumped at the PK Investments bid.