South African Breweries launches US$361m share ownership scheme

SOUTH AFRICA – The South African Breweries (SAB) has launched a new R5.4 billion (US$361m) broad-based BEE ownership scheme dubbed, SAB Zenzele Kabili. The brewer said that the SAB Zenzele Kabili follows the decade-long success […]

Tongaat Hulett shares plunge 63% as trading resumes on JSE

SOUTH AFRICA – Embattled sugar processor Tongaat Hulett’s shares plunged by over 63.66%, on Monday Morning, 3 February as it resumed trading on the on local bourse after a 7-month suspension The shares plunged 63.66 […]

Maghreb Private Equity Fund IV acquires additional stake in Tunisian Cheese maker Land’Or

TUNISIA – Maghreb Private Equity Fund IV (MPEF IV) has acquired 1.8 million new shares, representing 16.20% of the capital of the Tunisian agrifood firm Land’Or. This acquisition allows the private equity fund dedicated to […]

International Breweries shareholders approve raising capital through Rights Issue

NIGERIA – The shareholders of International Breweries Plc have approved the company’s ‘Rights Issue’ as proposed by the Board of Directors and further authorised the board to take all steps required to give effect to […]

Zeder shareholders to rip big upon completion of Pioneer Foods buyout

SOUTH AFRICA – Agribusiness and food-focused investment group Zeder expecting subdued value growth in the rest of its financial year, is set to return capital to shareholders and invest in new opportunities if the sale […]

Kenyan Billionaire Investor John Kimani raises stake in Kakuzi plc to 32%

KENYA – One of Kenya’s most prominent investors, John Kibunga Kimani has bought an additional 263,526 shares in Kakuzi with a current market value of Sh101 million (US$973,00), raising his stake to a new high […]