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• Spear REIT released encouraging first quarter metrics overall, but the company certainly isn’t immune from the broader macroeconomic challenges despite being focused on the Western Cape.
• Attacq has agreed terms with the Government Employees’ Pension Fund (GEPF) for the acquisition of a 30% stake in Attacq’s Waterfall portfolio.
• AngloGold’s restructure into a NYSE-listed group doesn’t come cheap, with advisory fees of over R1.1 billion!
• Brikor has decided to focus on its core brickmaking business, with TCQ Mining taking responsibility for the coal operations and giving Brikor a more stable return on them.
• Mondi is a step closer to getting out of Russia, with the Gotek Group deal completed and the sale of Syktyvkar still needing to be achieved.
• Sappi is discussing the future of the Stockstadt Mill with various stakeholders in Germany, as the company doesn’t believe that the facility can be sold as a going concern.
• Telkom’s board has rejected the proposal from Afrifund, Axian and the PIC – the consortium led by ex-CEO Sipho Maseko.
• RCL Foods has suffered a R234 million knock from a special levy by the South African Sugar Association, a direct result of Tongaat Hulett not paying its levies anymore. 

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