Monday, March 31, 2025
Tag:

Pepkor

Who’s doing what this week in the South African M&A space?

Weekly summary of Merger & Acquisition activity by South African companies

GHOST BITES (Astoria | Barloworld | Fairvest | Master Drilling | Oceana | Pepkor | Remgro | Santova)

Fairvest had no problem raising capital. Pepkor announced a major acquisition. Santova has also flagged a potential acquisition. Astoria, Barloworld and Oceana released difficult numbers. Master Drilling's dividend growth has distracted the market from impairments.

GHOST BITES (Absa – Standard Bank | Hulamin | MTN | RFG Holdings | Thungela)

There's a new sheriff in town at Absa - and it's Standard Bank's loss! MTN's gap between constant currency and reported earnings is still huge. RFG had trouble with pineapples. Hulamin had a poor year. Thungela released its 2024 results.

GHOST BITES (African Rainbow Minerals | Exxaro | Putprop | Rainbow Chicken)

Rainbow Chicken is definitely the good news story of the day, with Putprop also moving in the right direction. African Rainbow Minerals is getting dragged down by PGMs. Exxaro has been impacted by cost pressures.

GHOST BITES (Harmony Gold | Merafe | Pepkor | Schroder European Real Estate | Super Group | Vodacom)

Harmony is on track to exceed full year production guidance (JSE: HAR) This is what the market likes to see Harmony Gold has updated the market...

GHOST BITES (London Finance & Investment Group | Powerfleet | Schroder European Real Estate)

London Finance & Investment Group is set to delist. Powerfleet has given an idea of what its enlarged group now looks like financially. Schroder European Real Estate is fighting with French tax authorities.

GHOST BITES (Anglo American – Amplats | Equites | FirstRand | HCI | KAL Group | Life Healthcare | Pepkor | Purple | Shaftesbury...

Equites, FirstRand, HCI, KAL Group, Life Healthcare, Pepkor, Purple, Shaftesbury, Stefanutti Stocks and Zeda all gave important earnings updates. Anglo American is selling down 6% in Amplats. Vodacom and Remgro are appealing the Maziv decision.

GHOST BITES (FirstRand | MTN Rwanda | Nampak | Novus | Pepkor)

FirstRand's motor finance business in the UK has adapted to legal findings. MTN Rwanda is struggling. Nampak announced an asset disposal. Novus' interim earnings got a boost from timing differences, plus they've announced acquisitions. Pepkor's growth looks reasonable.
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