The Optasia IPO closed with the AI-powered fintech platform raising an aggregate amount of R6,5 billion (US$375 million). The final offer price of R19,00 per ordinary share represented the top end of the announced price range. The offer comprised 68,486,843 subscription shares and 273,947,369 sale shares offered by existing shareholders. Based on a total of 1,235,061,843 shares (including the overallotment shares), the market capitalisation of the company is R23,5 billion. The shares will trade on the JSE from 4 November 2025. Following the close of the offer the majority shareholders are Chronos Capital (29.1%), FirstRand Bank (20,1%), TRG Africa Optasia Consortium SPV (10.1%) and Zoey Enterprises and BH Holdings (7.5%).
Southern Palladium issued 6,600,004 shares at an issue price of A$1.10 raising A$7,26 million, completing the first tranche of the placement announced on 20 October 2025.
In September Africa Bitcoin (previously Altvest Capital) announced it would undertake an equity capital raise of R11 million and a capital raise of R20 million. The company has placed 368,598 ordinary shares at an issue price of R11.00 raising R4,05 million and 18,265 Class C shares at an issue price of R3.40 raising R62,101. The funds will used to accumulate Bitcoin and invest in the Altvest Credit Opportunities fund respectively.
MTN Zakhele Futhi (RF) has announced the final unwind distribution to shareholders of a gross cash dividend from income reserves of R4.20 per MTNZ ordinary share.
The trading of Pan African Resources’ shares transitioned from AIM to the Main Market of the LSE on 24 October 2025.
Condition precedent in the offer by Natco Pharma to Adcock Ingram shareholders have been fulfilled and as such the company will now proceed with the scheme’s implementation. Adcock Ingram’s shares will be suspended on 5 November with the termination of the company’s listing set for 11 November 2025.
The offer circular has been released to Safari Investments RSA shareholders. If the scheme is approved at the General Meeting on 21 November 2025, the company’s shares will be suspended on 17 December and its listing on the JSE terminated on 23 December 2025.
With more than 90% of MultiChoice shares now held by Canal+, the shares were suspended this week on the JSE and A2X with the termination of listing set for 10 December 2025.
A final liquidation order has been granted by the High Court of South Africa for the liquidation of Murray & Roberts Holdings. This relates only to the listed entity and does not impact the downstream subsidiary Murray & Roberts Limited which is currently in Business Rescue.
Confirmation in the change in name of the company from PBT Group Limited to PBT Holdings Limited has been received from the Companies and Intellectual Property Commission. Trading under the new name PBT Holdings will commence on 11 November 2025.
This week the following companies announced the repurchase of shares:
South32 continued with its US$200 million repurchase programme announced in August 2024. The shares will be repurchased over the period 12 September 2025 to 11 September 2026. This week 1,449,160 shares were repurchased for an aggregate cost of A$4,63 million.
The purpose of Bytes Technology’s share repurchase programme, of up to a maximum aggregate consideration of £25 million, is to reduce Bytes’ share capital. This week 534,750 shares were repurchased at an average price per share of £3.70 for an aggregate £1,98 million.
In May 2025, British American Tobacco extended its share buyback programme by a further £200 million, taking the total amount to be repurchased by 31 December 2025 to £1,1 billion. The extended programme is being funded using the net proceeds of the block trade of shares in ITC to institutional investors. This week the company repurchased a further 876,453 shares at an average price of £39.00 per share for an aggregate £34,18 million.
During the period 20 to 24 October 2025, Prosus repurchased a further 751,995 Prosus shares for an aggregate €44,22 million and Naspers, a further 405,216 Naspers shares for a total consideration of R491 million.
One company issued a profit warning this week: Renergen.
Three companies issued or withdrew a cautionary notice: MTN Zakhele Futhi (RF), Libstar and Sable Exploration and Mining.
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