In mid-April the JSE has advised Wesizwe Platinum shareholders that the company had failed to submit its financial statements within the three-month period stipulated in the JSE’s Listing Requirements. The company had until the 2 May 2025 to do so, which it failed to do. The company has been warned that if it still fails to submit its annual report on or before 31 May, its listing may be suspended.
aReit Prop was warned in February by the JSE that its REIT status would be removed if it failed to submit a REIT Compliance Declaration as per the JSE Listing Requirements. Although the company objected to the JSE’s decision, the REIT status of the company was removed with effect from 6 May 2025.
The JSE will welcome Shuka Minerals plc to the Alternative Exchange – General Mining sector on 21 May 2025. The mining and development company which has its primary listing on AIM, will take an inward secondary listing on the JSE under the fast-track listing process. The miner’s focus lies in the acquisition and development of valuable mineral opportunities which aim to contribute to the sustainable growth and development of local communities.
This week the following companies announced the repurchase of shares:
Thungela Resources has completed the share buyback announced in March 2025, repurchasing a total of 3,254,559 shares for a total consideration R328 million. The shares will not be cancelled. The group now holds a total of 10,18 million shares in treasury.
Sabvest Capital has purchased 720,000 shares through the market at an average price per share of R94.13 for a total consideration of R67,8 million.
On March 6, 2025, Ninety One plc announced that it would undertake a repurchase programme of up to £30 million. The shares will be purchased on the open market and cancelled to reduce the Company’s ordinary share capital. This week the company repurchased a further 917,581 ordinary shares at an average price of 151 pence for an aggregate £1,38 million.
On 19 February 2025, Glencore plc announced the commencement of a new US$1 billion share buyback programme, with the intended completion by the time of the Group’s interim results announcement in August 2025. This week the company repurchased 18,500,000 shares at an average price per share of £2.47 for an aggregate £45,73 million.
Hammerson plc continued with its programme to purchase its ordinary shares up to a maximum consideration of £140 million. The sole purpose of the buyback programme is to reduce the company’s share capital. This week the company repurchased 344,310 shares at an average price per share of 255 pence for an aggregate £878,872.
In line with its share buyback programme announced in March 2024, British American Tobacco plc this week repurchased a further 629,347 shares at an average price of £32.63 per share for an aggregate £20,54 million.
During the period 28 April to 2 May 2025, Prosus repurchased a further 3,983,979 Prosus shares for an aggregate €164,85 million and Naspers, a further 177,844 Naspers shares for a total consideration of R875,4 million.
Three companies issued profit warnings this week: Astral Foods, Mantengu Mining and enX.
During the week eight companies issued cautionary notices: Tongaat Hulett, Gold Fields, Kore Potash, PSV, Metrofile, TeleMasters and Goldrush.
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