PK Investments, which listed on the Cape Town Stock Exchange in August 2025 and which made headlines in local M&A circles during that year with several attemps to take control of MAS plc, has indicated that it intends to acquire further shares. PKI currently hold a c.37% stake – a stake it would like to increase by bidding for up to a further 40 million MAS shares (5.5% stake). PKI has provided R19.75 as a guidance on price to shareholders. The bid will close on Friday 26 March at 13h00.

AttBid, a vehicle representing Atterbury Property Fund (APF), I Faan and I Dirk, which made an offer to RMH shareholders earlier this month, acquired a further 12,9 million shares in on-market transactions this week. Following this, AttBid and APF hold 32.77% and 9.42% respectively, resulting in an aggregate of c.42.19% of the RMH shares in issue.

Jubilee Metals has advised that it proposes to reduce its share premium account in order to restructure the company’s balance sheet to increase the amount of available distributable reserves. The capital reduction is conditional upon shareholder approval.

Africa Bitcoin will undertake a restructure of its authorised and issued ordinary share capital by way of a sub-division of its ordinary share capital on a 3 for 1 basis. This will enhance the liquidity and marketability of the stock and broaden its exchange footprint with a potential migration to the JSE Main Board and participation on additional international trading platforms. In addition, the sub-division is expected to enhance the company’s flexibility in respect of future capital raising initiatives, strategic transactions and potential equity-based initiatives.

Anglo American has received approval from the SIX Swiss Exchange to delist its 1,178,050,272 ordinary shares. The move is part of Anglo’s review of its global share listings in connection with the proposed merger with Teck Resources. The last day of trading on the exchange is expected to be 25 June 2026.

This week the following companies announced the repurchase of shares:

Investec Ltd announced in November 2025 that it would commence the repurchase and cancel of some of the non-redeemable, non-cumulative, non-participating preference shares. This week the company repurchased a further 474,493 preference shares at an average price per share of R99.72 for an aggregate R47,32 million.

Premier’s repurchase programme which was undertaken to optimise the Group’s capital structure ahead of the implementation of the RFG transaction resulted in the repurchase of 1,811,992 shares during March. The shares represented c. 1.4% of the issued share capital with an aggregate value of R323 million. The shares will be delisted.

During the period September 2025 to March 2026, PBT Holdings repurchased 3,413,934 shares at an average price per share of R6.69 for an aggregate R22,85 million. The shares, which will be cancelled, represent 3.24% of the shares in issue.

In 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 128,703 ordinary shares at an average price 218 pence for an aggregate £280,510.

GreenCoat Renewables has implemented a share buyback programme totalling €100 million over 12 months with a first tranche amounting to €25 million beginning on 5 March 2026 – representing 13% of the issued share capital. This week 2,229,897 shares were repurchased for and aggregate €1,75 million.

In 2025 Investec ltd commenced its share purchase and buy-back programme of up to R2,5 billion (£100 million). This week, Investec ltd purchased 20,300 Investec plc shares on the JSE at an average price of R132.79 per share. Over the same period Investec ltd repurchased 20,400 of its shares at an average price per share of R131.60. The Investec ltd shares will be cancelled, and the Investec plc shares will be treated as if they were treasury shares in the consolidated annual financial statements of the Investec Group.

Quilter has announced it will commence a share buyback programme to repurchase shares with a value of up to £100 million in order to reduce the share capital of the company and return capital to shareholders. This week Quilter repurchased 1,940,040 shares on the LSE with an aggregate value of c.£3,4 million and 498,841 shares on the JSE with an aggregate value of R19,48 million.

Anheuser-Busch InBev’s US$2 billion share buy-back programme continues. 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 16 to 20 March 2026, the group repurchased 1,315,398 shares for €81,57 million.

In December 2025, British American Tobacco extended its share buyback programme by a further £1.3 billion for 2026. The shares will be cancelled. This week the company repurchased a further 562,855 shares at an average price of £43.21 per share for an aggregate £24,33 million.

During the period 16 to 20 March 2026, Prosus repurchased a further 2,919,471 Prosus shares for an aggregate €127,1 million and Naspers, a further 1,353,028 Naspers shares for a total consideration of R1,25 billion.

Seven companies issued a profit warning this week: York Timber, Hulamin, The Foschini Group, Gemfields, Insimbi Industrial, Rex Trueform, African and Overseas Enterprises.

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