African Rainbow Minerals has purchased a further 7,960,000 units of Surge Copper in a non-brokered private placement. Each unit, priced at C$0.50, consists of one common share and one common share purchase warrant of Surge. Each warrant entitles the holder to purchase one additional common share at a price of C$1.00 per share for a period of three years. Following the purchase, ARM will own c.19.9% of the issued shares in Surge on a non-diluted basis.
Remgro and IHL are to restructure their shareholdings in Hirslanden AG and Mediclinic International which will see IHL owning 100% of the Swiss business, while Remgro will own 100% of Southern Africa. Effectively, each will hand the other control of the hospital groups in South Africa and Switzerland with the assets priced at equal values. Remgro and IHL will remain co-invested in the other healthcare interests in the Middle East and the UK. The US$950 million transaction has a long-stop date of end-September 2026.
CTSE- listed PK Investments has acquired a further 40 million MAS shares at R21.00 per share increasing its stake to c.42.5%.
In terms of its scrip dividend option to shareholders, Lighthouse Properties will issue 23,378,545 new shares in lieu of a final cash dividend, retaining R172,1 million in new equity.
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 3,42 million shares in on-market transactions this week. Following this, AttBid and APF hold 32.77% and 9.67% respectively, resulting in an aggregate of c.42.44% of the RMH shares in issue.
Shareholders approved the proposed restructure by Africa Bitcoin 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. The purpose of this is to 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.
Sebata has advised that all work relating to the preparation of the FY2025 financial results is now complete and a set of Annual Financial Statements have been produced and will be released by 17 April 2026. The Board estimates that Sebata will be in a position to request the JSE to lift the suspension from August 2026.
Sail Mining (previously Chrometco) remains suspended due to the late publication of the annual financial statements for the years ended February 2022, 2023, 2024 and 2025 and the subsequent interim results. In December the company announced a conditional offer to repurchase, on a pro rata basis, all the issued shares in the company, excluding treasury shares at a price per share of R0.072. Simultaneously, the board advised the proposed termination of the listing from the AltX Board of the JSE. This remains conditional on the approval by shareholders of the delisting, the amendment to the company’s memorandum of incorporation and the approval of the Financial Surveillance Department of SARB.
RFG officially delisted from the JSE on 31 March 2026 following the announced acquisition of the company by Premier Group in October 2025.
This week the following companies announced the repurchase of shares:
During the month of March AIMIA repurchased and cancelled a total of 236,800 of its shares representing 0.3% of the company’s issued share capital. The shares were purchased at an average price of US$2.86 for an aggregate $677,004.
In a bid to optimise its capital structure and deliver enhanced value to shareholders, iOCO continued with the repurchase of shares in the open market. During the period 2 to 31 March 2026, a further 2,216,404 shares were repurchased at an average price per share of R4.03 for an aggregate R8,93 million. Repurchased shares are currently held as treasury shares.
Ninety One plc announced that it has extended its repurchase programme from 31 March 2026 to 3 June 2026. The shares will be purchased on the open market and cancelled to reduce the Company’s ordinary share capital.
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 2,445,327 shares were repurchased for and aggregate €1,79 million.
Anheuser-Busch InBev’s US$6 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 23 to 27 March 2026, the group repurchased 1,371,263 shares for €81,09 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 472,369 shares at an average price of £43.83 per share for an aggregate £20,70 million.
During the period 23 to 27 March 2026, Prosus repurchased a further 2,643,733 Prosus shares for an aggregate €106,42 million and Naspers, a further 1,200,000 Naspers shares for a total consideration of R1,06 billion.
Three companies issued or withdrew a cautionary notice: Remgro, Efora Energy and TWK Investments.
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