Monday, October 6, 2025
Tag:

Remgro

Ghost Bites (Africa Bitcoin Corporation | Curro | eMedia | Orion Minerals | Prosus | Trustco)

Curro is ready to go private. Prosus can close the Just Eat Takeaway.com deal. eMedia is making a significant offshore investment. Africa Bitcoin Corporation needs to get up the J-curve a lot faster. Orion Minerals is enjoying strong capital raising support. Trustco has once again angered the JSE.

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 (Barloworld | Capitec | SPAR)

Capitec remains South Africa's most impressive corporate story. At literally the opposite end of the spectrum, we find SPAR with poor growth and clearly no real idea how to fix it. Barloworld has waived the COMESA condition and the offer is now closing this month.

Ghost Bites (Africa Bitcoin Corporation | Finbond | Gemfields | Heriot REIT | Prosus – Naspers | Texton)

Prosus is acquiring La Centrale in France, marking OLX's entry into Western European classifieds. Gemfields will be more cautious going forwards. Finbond announced an interesting deal. Heriot and Texton released numbers in the property sector. Africa Bitcoin Corporation is raising capital for ACOF as well now.

Weekly corporate finance activity by SA exchange-listed companies

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

Ghost Bites (Burstone | Gemfields | Grand Parade | Remgro)

Remgro's NAV grew solidly this year and they insist on a special dividend instead of more buybacks. Burstone's platform strategy is growing, but perhaps not quickly enough. Gemfields needs things to improve rather urgently. Grand Parade's casino exposure is problematic.

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

Weekly summary of Merger & Acquisition activity by South African companies

Weekly corporate finance activity by SA exchange-listed companies

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