Weekly corporate finance activity by SA exchange-listed companies

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Dipula Properties successfully concluded a private placement for c.R1,1 billion of new equity. The new shares will be listed on September 1, 2026. The capital raise will help fund the acquisition of a portfolio of nine shopping centres from the Moolman Group and co-investors for R2,04 billion.

Italtile has declared a special dividend to shareholders of 25 cents per share for an aggregate R330,4 million.

Datatec has declared a special dividend of R29 per share with a scrip distribution alternative. The declaration will return an amount of R7,05 billion to shareholders

Numeral has extended the closing date of its February announced capital raise to 31 August 2026. The company aims to raise R100 million via a private placement of 500 million shares at R0.20 per share.

The failure by Labat to pay the declared dividend according to its announced corporate action timetable has resulted in the JSE suspending the trading of the company’s shares on the exchange with immediate effect.

The JSE has imposed a public censure and a fine of R5 million on Trustco for knowingly implementing a Category 1 transaction without obtaining the requisite shareholder approval as required by the Listing Requirements. Trustco applied to the Financial Services Tribunal for the reconsideration of the JSE’s decision, but this was dismissed on 20 August 2026.

Seodi Coal brought a liquidation application against Efora Energy in the High Court with the matter heard on 25 August 2025. The matter was struck off the urgent roll and accordingly no provisional liquidation order was granted against the company. The company remains suspended from trading on the JSE.

South32 has extended its repurchase programme which commenced in September 2025. The company will in total acquire up to 4,49 billion shares with a proposed buyback end date of 10 September 2027.

MTN has launched a share repurchase programme of c.31 million ordinary shares for an aggregate R6 billion. The repurchase programme commenced on 24 August 2026. The programme aims to deliver longer term incremental value to MTN shareholders.

Bid Corporation repurchased 2,6 million shares at an average price per share of R409.35 for an aggregate R1,06 billion. The shares were repurchased during the Group’s financial 2026 year.

Ninety One plc announced an increase in the repurchase programme from £30 million to £55 million. The shares, to be purchased on the open market, will be cancelled to reduce the Company’s ordinary share capital. During the period 17 to 21 August 2026, the company repurchased a further 18,344 ordinary shares at an average price 215 pence for an aggregate £39,438.

In March 2026, Quilter commenced a £100 million share buyback programme, to reduce the share capital of the company and return capital to shareholders. The maximum aggregate purchase price payable by the company under Tranche 2 is up to C.£30 million. During the period 17 to 24 August 2026, Quilter repurchased 444,264 shares on the LSE with an aggregate value of £860,747 and 201,925 shares on the JSE with an aggregate value of R8,56 million.

Reinet Investments commenced its proposed 7th share buyback programme, for up to an aggregate maximum amount of €250 million subject to a maximum of 8 million ordinary shares over a period commencing 18 August 2026 and ending on 15 December 2026 at the latest. The shares will not be cancelled. During the period 18 to 21 August 2026, the company repurchased 558,491 shares for an aggregate R247,71 million.

In June 2026, Greencoat Renewables announced its intention to commence a second tranche of the repurchase programme to return a further €25 million of capital to shareholders. The second tranche repurchase will be complete by end-December 2026. This week 391,899 shares were repurchased for an aggregate €307,936.

Bytes Technology announced in May 2026 its intention to implement a new share repurchase programme to purchase the company’s shares for an aggregate value of up to £25,0 million. This week the company repurchased 624,112 shares at an average price per share of £4.13 for an aggregate £2,58 million.

British American Tobacco has again extended its share buyback to end on 12 October 2026. All shares repurchased will be cancelled. Over the period 17 to 21 August 2026, the company repurchased a further 780,162 shares at an average price of £41.42 per share for an aggregate £32,31 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. Over the period 17 to 21 August 2026, the group repurchased 765,000 shares for €51,16 million.

During the period 17 to 21 August 2026, Prosus repurchased a further 1,837,563 Prosus shares for an aggregate €69,03 million and Naspers, a further 668,936 Naspers shares for a total consideration of R528,78 million.

Three companies issued profit warnings this week: Trellidor, Sanlam and Afrocentric Investment Corporation.

Six companies announced, renewed or withdrew cautionary notices: Dipula Properties, Tongaat Hulett, Northam Platinum, Raubex, Newpark REIT and Mantengu.

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