Weekly corporate finance activity by SA exchange-listed companies

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Fairvest proposes to issue new Fairvest B shares to raise capital via an accelerated book build. The company will aim to raise R500 million, which may be increased or decreased depending on investor appetite. In April the company undertook a capital raise of R900 million (initially R500 million), issuing 130,43 million shares at R6.90 per A Fairvest share – a 5.5% premium to the 30-day VWAP at the time. Fairvest intends to use a component of the funds to close on strategic acquisitions currently under negotiation.

Mondi has announced the results of its dividend reinvestment plans, which gave shareholders the option to received shares in lieu of a cash interim dividend. The company purchased 53,201 shares in the UK market at an average price of £8.19 per share and 384,669 shares in the South African market at an average price of R176.57 per share.

Also announcing the results of its dividend reinvestment plan was Anglo American which purchased 64,346 shares on the LSE at an average price of £40.33 per share and 258,450 shares in the South African market at an average price of R882.28 per share.

The JSE this week informed shareholders of Tongaat Hullet that the trading of the company’s shares will be terminated and the listing removed from the Main Board on 3 November 2026. The shares were suspended in July 2022 and the company subsequently entered into voluntary business rescue in October that year. The last financial information published is the unaudited consolidated financial results and operational update for the year ended 31 March 2022.

aReit Prop remains suspended on the JSE due to ongoing delays in finalising and publishing its outstanding financial statements. Annual financial statements for the financial years ended 31 December 2023 and 2024 have been prepared and are pending the audit process. The company was suspended from trading in July 2024.

South32’s extended repurchase programme commenced in September 2026. The company will, in total, acquire up to 4,49 billion shares with a proposed buyback end date of 10 September 2027. This week the company repurchased 1,067,063 shares for an aggregate A$5,28 million.

On 5 August 2026, Glencore announced a new US$500 million buyback programme intended to run through to February 2027. This week the company repurchased 4,960,000 shares for an aggregate £28,86 million.

Reinet Investments commenced its 7th share repurchase programme, for up to an aggregate maximum amount of €250 million subject to a maximum of 8 million ordinary shares over a period ending on 15 December 2026. The shares will not be cancelled. During the period 5 to 9 October 2026, the company repurchased 591,276 shares for an aggregate R256,3 million.

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 third and final tranche of the programme commenced on September 8, 2026, with repurchased shares to be cancelled. During the period 5 to 7 October 2026, Quilter repurchased 3,387,115 shares on the LSE with an aggregate value of £5,94 million and 508,590 shares on the JSE valued at R19,58 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 704,268 shares were repurchased for an aggregate €557,633.

During the period 5 to 9 October 2026, Prosus repurchased a further 2,361,582 Prosus shares for an aggregate €83,51 million and Naspers, a further 560,739 Naspers shares for a total consideration of R396,83 million.

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 5 to 9 October 2026, the company repurchased a further 601,466 ordinary shares on the LSE at an average price 205 pence per share for an aggregate £1,23 million and 167,422 shares on the JSE at an average price per share of R44.90 for an aggregate R7,52 million.

British American Tobacco has again extended its share buyback to end on 23 December 2026. All shares repurchased will be cancelled. Over the period 5 to 9 October 2026, the company repurchased a further 662,841 shares at an average price of £40.44 per share for an aggregate £26,80 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 5 to 9 October 2026, the group repurchased 456,829 shares for €30,63 million.

Two companies issued profit warnings this week: Grand Parade Investments and Famous Brands.

One company announced, renewed or withdrew a cautionary notice: ArcelorMittal South Africa.

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