Novus has acquired an additional 6,001,060 Mustek shares at R15.00 per share on the open market (outside of the Mandatory Offer) for R90 million. The company now holds 28,96 million Mustek shares constituting 50.39% of the issued shares in Mustek. Together with concert parties this shareholding increases to c.70.68%.
Oasis Crescent Property Fund has issued 827,719 new units to shareholders opting to reinvest their distribution in respect of the six months ended 31 March 2026. The shares were issued at a price of R28.78 for an aggregate R24,49 million.
Following the results of the scrip dividend election, Spear REIT will issue 8,276,950 new ordinary shares in the company in lieu of an interim dividend, resulting in a capitalisation of the distributable retained profits in the company of R107.64 million. The shares were based on a reinvestment price of R13.00 per share.
OUTsurance (OGL) has issued 507,726 new shares in exchange for 1,162,705 ordinary shares in OUTsurance Holdings (OHL) for an aggregate R35,88 million. As a result of the transaction, OGL’s shareholding in OHL has increased to 92.86% with the remaining 7.14% held by directors and management.
Master Drilling has declared a special dividend of 40 cents per ordinary share from income reserves, valued at R60,2 million. The dividend will be paid to shareholders on 17 August 2026.
Omina is to pay a special dividend of 280 cents per share, payable in cash in respect of the year ended 31 Mach 2026.
Following the acquisition of Emmerson Resources by Pan African Resources and the request to trade its shares on the ASX, the company has received an ASX conditional admission letter with trading to commence on a normal settlement basis on 2 July 2026. The company’s shares will continue to trade, as a dual primary issuer, on the LSE and JSE following the proposed ASX listing.
On June 11, 2026, the JSE lifted the suspension of trade in Wesizwe Platinum shares on the bourse. The shares were first suspended in June 2025. This was due to the company’s failure to publish its audited annual financial statements for the year ended 31 December 2024 within the period prescribed by the JSE Listing Requirements.
This week the following companies announced the repurchase of shares:
Netcare repurchased 41,451,340 of its ordinary shares in terms of the general authority granted by shareholders. The total value of the shares repurchased was R696,3 million with the average price paid per ordinary share of R16.80. Since commencement of the repurchase programme in September 2023, Netcare has repurchased 193,2 million shares, representing 13.4% of the total shares in issue as at 30 September 2023, at an average of R13.61 per share.
In its annual report, The Foschini Group reported that it had bought back a total of 10 million shares at a weighted average share price per share of R105.89 for a gross consideration of R1,03 billion.
Ninety One plc announced an increase in the repurchase programme from £30 million to £55 million to be completed by 21 July 2026. The shares to be purchased on the open market will be cancelled to reduce the Company’s ordinary share capital. This week the company repurchased a further 163,561 ordinary shares at an average price 217 pence for an aggregate £350,082.
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 1,079,250 shares were repurchased for and aggregate €827,307.
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 1 to 5 2026, the group repurchased 537,216 shares for €36,97 million.
During the period 1 – 5 June 2026, Prosus repurchased a further 2,631,597 Prosus shares for an aggregate €107,22 million and Naspers, a further 905,808 Naspers shares for a total consideration of R805,88 million.
Two companies issued a profit warning this week: Brikor and Novus.
One company issued or withdrew a cautionary notice: Trematon Capital Investments.
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