King Price eyes life insurance market

2020-03-03 21:21

King Price has acquired Stangen for R140 million. Stangen, previously owned by African Phoenix Investments, has more than 55,000 policyholders across its life cover, group schemes insurance and funeral cover businesses.

Brimstone increases stake in Obsidian Health to 80%

2020-02-10 14:36

Brimstone Investment Corporation says it has acquired a further 55% stake in Obsidian Health for R35.7 million in cash.

Prosus makes final increased offer for Just Eat

2019-12-23 10:54

Prosus has made a final increased offer and the procedures for its acceptance is being published and posted to the shareholders of Just Eat on Monday.

Prosus believes its hostile bid for Just Eat is sweeter than a Dutch offer

2019-10-22 14:53

The new Naspers-owned global digital company Prosus believes it has made a compelling offer for UK-based food delivery firm.

Capco jumps 10% after takeover report

2019-10-21 13:01

Capital & Counties Properties reacts to an announcement by Candy Ventures that it is in the early stages of considering a possible cash offer for Capco.

Mboweni approves Capitec acquisition of Mercantile

2019-10-09 18:08

Capitec's acquisition of Mercantile Business Bank has been formally approved by Minister of Finance Tito Mboweni and other regulatory authorities.

Implats to buy Canadian miner for more than R11bn

2019-10-07 17:57

It owns a fully mechanised mine with a "low labour complement".

Food giant PepsiCo plans to spend R24 billion to buy the SA maker of Liqui-Fruit and Bovril – in one of its biggest ever deals outside the USA

2019-07-19 09:11

PepsiCo plans to pay a large premium to buy out Pioneer Foods, as both companies stress the potential for growth in sub-Saharan Africa off the back of brands such as Sasko, Bokomo, and Maltabella.

Court dismisses AMCU's job loss appeal on Sibanye-Lonmin merger

2019-05-17 15:46

Judge Dennis Davis on Friday dismissed an appeal by the Association of Mineworkers and Construction Union (AMCU) who wanted an aproval by the Competition Tribunal for a merger between mining companies Sibanye-Stillwater and Lonmin set aside.

Edcon handed a lifeline in bid to save jobs

2019-04-30 17:19

The Competition Commission has recommended to the Competition Tribunal that the proposed acquisition of Edgars by New HoldCo be approved subject to conditions.


Agri-Vie sells stake in InteliChem

2020-02-20 14:40

Agri-Vie Fund I has announced its exit from InteliChem, a provider of crop protection solutions.

Motsepe's ARC could take over Alexander Forbes, but isn't planning to

2020-01-23 17:32

Alexander Forbes announced on Wednesday that ARC would be buying another R1bn worth of shares in the company.

Burger King SA owner's shareholders approve R500m Sun Slots deal

2019-11-29 19:32

A majority of 66.64% of shareholders of Grand Parade Investments voted in favour of a bid by Sun International to buy GPI's remaining 30% stake in Sun Slots.

Prosus makes hostile R93bn bid for food delivery company

2019-10-22 11:06

The new Naspers international digital company Prosus has made a hostile bid of R93.35bn for the UK-based food delivery company Just Eat.

Consultancy fights Comair after acquisition turns sour

2019-10-17 16:40

A strategic leadership consultancy, acquired by Comair last year, now accuses the aviation company of reneging on the agreement and "grinding it into the ground in the process".

Competition Commission approves sale of Business Day, Sunday Times owner

2019-10-07 18:07

The proposed R1bn transaction should be approved without conditions.

Grand Parade sells its stake in Sun Slots for more than R500 million

2019-08-30 18:25

GPI, which owns the Grand West casino in Cape Town as well as the Burger King franchise in the country, has been under pressure in recent years

Competition Tribunal gives Absa, Société Générale deal the nod

2019-06-12 19:04

The Competition Tribunal has approved, without conditions, a large merger that will see Absa acquiring target assets from Société Générale.

Competition Tribunal approves 'lifeline' Edgars merger with conditions

2019-05-09 17:30

The Competition Tribunal has approved, with certain conditions, a large merger that will see a new company purchasing the entire issued shares of Edgars.

Competition Tribunal approves IDC, Celrose merger with conditions

2019-04-12 18:55

The Competition Tribunal has approved, subject to certain conditions, the state-owned IDC's acquisition of Celrose - of which Edcon is a majority shareholder.

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