A total of 64,038,857 Pick n Pay shares have been sold to investors in an accelerated bookbuild by the Ackerman family. The shares were placed at a price of R25.50 per share representing a 6.4% discount to the closing price on 17 November 2025 and 8.5% of the total issued ordinary shares of Pick n Pay. The placement raised proceeds of c.R1,6 billion. The 105,2 million ‘B’ shares held by the family which were attached to the placement shares will lose their voting rights and will be cancelled. The Ackerman family’s economic interest will decrease from 26.7% to 18.2% and the aggregate voting interest will decrease from 49% to 36.8%.
Kore Potash has raised c.£9,2 million in a fundraise. A total of 319,688,816 shares were place with certain existing shareholders and new institutional investors at a price per share of 2.9 pence. The proceeds will be used, among other things, to cover working capital over the next 12 months.
Combined Motor Holdings will undertake a Pro Rata Repurchase of up to 11,200,300 shares, representing 15% of the company’s current total issued ordinary shares. The offer consideration of R35.50 will see the company utilise R398,32 million. The offer will close on 15 December, and the repurchased shares will be delisted from the JSE on 17 December 2025.
Southern Palladium will issue 59,092 new shares in respect of the opportunity given to shareholders to subscribe for up to $30,000 worth of shares at A$1.10 per share up to a maximum of A$1 million. The Share Purchase Plan raised an additional A$65,000 (R728,000).
Labat Africa has issued 116,5 million new shares at an issue price of R0.07 per share in relation to the asset for shares agreement signed in November 2024 for the acquisition of a 75.55% interest in Classic International Trading.
In the release of its interim results Brait said it plans to list its fitness chain Virgin Active by December 2027. The planned listing is on the back of a steady turnaround in Virgin Active – reporting a 42% rise in EBITDA earnings and an 11% rise in group revenue, boosted by a strong membership performance in SA, Italy and the UK.
The JSE listed shares of Deutsche Konsum REIT-AG will be suspended on 3 December 2025 following the decision by the company to withdraw its secondary listing on the JSE and to re-focus exclusively on its primary exchange listing on the Frankfurth Stock Exchange (FSE). The listing will terminate on 9 December 2025. Shares will be transferred from the JSE to the FSE prior to the date of delisting.
This week the following companies announced the repurchase of shares:
Under its repurchase programme, through its wholly owned subsidiary Sabvest Finance and Guarantee Corporation, Sabvest Capital has repurchased a total of 770,000 shares since May 2024 for a total consideration of R95,5 million. The shares will be delisted with effect from 22 November 2025.
MAS has repurchased 21,162,295 ordinary shares through a series of on-market transaction on the JSE between 14 October to 14 November 2025. The shares, representing 3.03% of the companies issued share capital were acquired at an average rate of R21.14 per share at a total cost of R444,75 million. The repurchases were funded from available cash resources.
In May 2025 Tharisa announced it would undertake a repurchase programme of up to US$5 million. Shares have been trading at a significant discount, having been negatively impacted by the global commodity pricing environment, geo-political events and market volatility. Over the period 7 to 14 November 2025, the company repurchased 9,454 shares at an average price of R21.91 on the JSE and 140,352 shares at 97.21 pence per share on the LSE.
In October 2024, Anheuser-Busch InBev announced a US$2 billion share buy-back programme to be executed within the next 12 months which will result in the repurchase of c.31,7 million shares. The shares acquired will be kept as treasury shares to fulfil future share delivery commitments under the group’s stock ownership plans. During the period 10 to 14 November 2025, the group repurchased 1,113,726 shares for €61,63 million.
On 19 February 2025, Glencore 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 9,600,000 shares at an average price per share of £3.70 for an aggregate £35,53 million.
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 620,137 shares were repurchased for an aggregate cost of A$2 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 530,230 shares were repurchased at an average price per share of £3.53 for an aggregate £1,87 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 609,000 shares at an average price of £41.52 per share for an aggregate £25,29 million.
During the period 10 to 14 November 2025, Prosus repurchased a further 1,120,709 Prosus shares for an aggregate €69,2 million and Naspers, a further 436,848 Naspers shares for a total consideration of R541,97 million.
Six companies issued a profit warning this week: Cilo Cybin, Brikor, Life Healthcare, Conduit Capital, Mahube Infrastructure and Crookes Brothers.
Six companies issued or withdrew a cautionary notice: Combined Motor Holdings, RMB Holdings, MTN Zakhele Futhi (RF), EPE Capital Partners, Mahube Infrastructure and Efora Energy.
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