Metrofile Holdings will be acquired by a special purpose company wholly owned by Mango Holding in a cash-for-shares transaction that values the group at R3.25/share. The deal and offer price, announced to shareholders on Wednesday through the JSE’s stock exchange news service, represents a substantial premium to Metrofile’s share price before talks became public. Mango…
Risk Insights had a deal with the JSE to use AI-powered rating tools to advance ESG reporting for listed companies. The dispute between Risk Insights and the JSE is intensifying, with both parties giving conflicting accounts over the status of a contractual relationship. The disagreement comes amid scrutiny of Risk Insights founder Anushka Bogdanov’s claimed…
The Competition Tribunal has given the green light to a transaction that should help advance a proposed plan to list Cell C on the JSE. The regulator on Thursday said it has given its blessing, without conditions, to a transaction that will see Cell C buying back its contract customer base from its largest shareholder,…
JSE CIO Tebalo Tsaoeli Changing the JSE’s operating cycle from the current nine hours (9am-5pm on weekdays) to 24/7 trading would require changes to the local bourse’s operating model to account for the technological resources currently not available after hours, according to JSE CIO Tebalo Tsaoeli. Business Day in July reported (paywall) that the JSE…
Anushka Bogdanov. Anushka Bogdanov, founder of ESG data science consultancy Risk Insights, and former EOH director, has requested a right of reply to two articles ITWeb recently ran. The first article quotes the JSE as saying that Bogdanov falsely claimed to hold a PhD in International Financial Management and Mathematics from the London Business School,…
Blue Label Telecoms is exploring a JSE debut for Cell C as part of a broader restructuring plan. (Photograph by Lesley Moyo) The proposed separate listing of Cell C, South Africa’s fourth-largest mobile operator, on the Johannesburg Stock Exchange (JSE) could mark a pivotal moment for the debt-laden telco. It has potential to cut its…
