Momentum buys Alexander Forbes insurance business

2020-01-31 19:28

Momentum Metropolitan announces the completion of its acquisition of Alexander Forbes' short term insurance business AFI.

Prosus issues warning about Just Eat's future as hostile bid intensifies

2019-11-11 14:23

Prosus lowered the level of shareholder approval required for the offer - from 90% to 75%.

Momentum to acquire Alexander Forbes' short term insurance business

2019-07-25 15:52

Momentum Metropolitan has entered into an agreement to acquire Alexander Forbes Short Term Insurance business.

Competition Commission approves Capitec acquisition of Mercantile Bank

2019-05-03 15:29

The Competition Commission has recommended to the Competition Tribunal that a proposed merger – which will see Capitec acquiring Mercantile Bank – should be approved without conditions.

Sea Harvest up 4.7% as Ladismith Cheese acquisition moves ahead

2019-01-03 12:10

The JSE-listed fishing and food business announced its subsidiary would buy the entire issued share capital of the company that produces cheese, butter and milk powders.

Hootsuite looks to sell for at least $750 million

2018-10-07 14:13

Hootsuite, a Canadian startup that builds software to help marketers use social media, is said to be for sale.

The number of messages sent via WhatsApp each day has tripled since Facebook bought it four years ago

2018-05-09 10:30

WhatsApp wasn't widely considered a sound investment by Facebook, which had a messaging platform of its own and more than twice the number of monthly active users, but its growth in the years since says otherwise.

Travelstart Group acquires major stake in

2017-12-06 21:02

Flight and accommodation booking website Travelstart has acquired a majority stake in Cape Town-based

Cope urges Icasa to close down ANN7

2017-08-21 21:15

Opposition party Cope has urged the Independent Communications Authority of South Africa to revoke the broadcasting licence of former Gupta-owned TV channel ANN7.

Ascendis Health gets ball rolling in Europe

2017-06-05 13:35

Ascendis Health has finalised a number of European acquisitions in recent months which are expected to boost profit margins in 2018.


Takeaway wins bidding war for Just Eat with $8bn offer

2020-01-10 19:44

Prosus said in the statement that it received valid acceptances of the final increased offer of 158 037 Just Eat Shares, representing approximately 0.02 per cent of the issued share capital of Just Eat.

Verizon is selling Tumblr to the owner of WordPress, and it sounds like the sale price is about 2% of the R16 billion Tumblr was once worth

2019-08-13 16:09

The price of the deal was not disclosed, suggesting a big reduction from the $1.1 billion that Tumblr fetched the last time it was acquired.

Sale of Aspen milk formula business approved

2019-05-17 10:36

Aspen Pharmacare says its sale of New Zealand infant-formula business to French company Lactalis International has been approved by authorities

Google's new cloud boss just made his first acquisition

2019-02-21 09:06

Google Cloud CEO Thomas Kurian spoke last week about plans to focus on enterprise customers. Now Google Cloud will acquire the Israeli startup Alooma.

PIC, Pelo set to buy majority stake in Karan Beef

2018-10-23 20:56

The PIC and Pelo Agricultural Ventures are buying a majority stake in Karan Beef, which operates Africa's largest cattle feedlot and abbatoir, for up to R5.2bn.

Johann Rupert's Remgro buys part of Vumatel in bid to grow fibre business

2018-06-08 19:05

A unit of Remgro has bought part of fibre provider Vumatel, as South Africa's richest man seeks a greater share of the country's expanding broadband network.

Sirius expands German footprint with R136m business park buy

2018-01-04 13:48

JSE listed property company Sirius Real Estate has acquired a business park for €9.2m (R136.17m).

FirstRand’s acquisition of UK-bank to help free up funding

2017-11-16 07:00

FirstRand plans to integrate its UK business segment into its acquisition of UK bank Aldemore, which will help free up funding and liquidity capacity of the bank.

PPF cheers Manyi's Gupta media purchase

2017-08-21 17:41

The Progressive Professionals Forum says the sale of Gupta-owned ANN7 and The New Age newspaper to its president will bring a patriotic and progressive voice to South Africa.

Liquid Telecom's bid to buy Neotel 'on track'

2016-09-13 16:28

A R6.55bn sale of a majority stake in Neotel to connectivity provider Liquid Telecom is still on track and could be finalised by the end of 2016.

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