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MultiChoice targets African growth with listing

The video entertainment group says it will focus on returning its loss-making operations outside of South Africa to profitability as it prepares for a February listing. MultiChoice will list on the JSE at the end of next month in a move that will position Africa’s biggest pay-TV operator for further growth across the continent.

Nedbank spends R2 billion in odd-lot buyback

Shareholders in SA, Zimbabwe and Malawi will be paid out this week, while UK shareholders will receive payment at the end of the month.

Nedbank sets odd-lot price

Shareholders affected by the odd-lot offer will receive R276.48c per share, to be paid out in the next few weeks. Nedbank has set the price at which it will buy back shares from the hundreds of thousands of Old Mutual shareholders who received equity in the bank as part of the break up of Old Mutual Plc.

African Bank aims for 2.5 million customers

The lender will compete with a number of new digital banks as it expands its customer base to income include more middle-income clients.

Nedbank gets green light for odd-lot offer

Nedbank is proceeding with its plan to buy back the so-called odd-lot shares from the hundreds of thousands of Old Mutual shareholders who received a stake in the bank as part of the break up of Old Mutual Plc.

Motus accelerates towards JSE listing

The automotive group says its own listing will provide shareholders with an opportunity to participate directly in its success. Motus Holdings lists on the JSE today ending a multi-year journey to create more value for shareholders of Imperial Holdings. The automotive group has been unbundled from parent company Imperial Holdings, which changes its name on 5 December to Imperial Logistics.

Imperial Logistics prepares to go it alone

Imperial Holdings says the restructuring and separation of Imperial Logistics and Motus was “among the most complex and ambitious undertaken in the SA market in recent times”.

ANNOUNCEMENT | Nedbank Group Limited

Nedbank Group confirmed the decision by Old Mutual Limited to implement the unbundling of a significant portion of its shareholding in Nedbank Group to OML shareholders today, Monday, 15 October, 2018 and Nedbank Group's intention to implement an odd-lot offer following the Unbundling.

EasyBiz Quickbooks is now EasyBiz Technologies

EasyBiz QuickBooks, the authorised South African partner of global accounting software leaders, Intuit QuickBooks, is rebranding to align its identity with its vision for the future – providing the latest in technology and innovation to South African customers, partners and accountants.

ANNOUNCEMENT | Motus Holdings Limited

The JSE has granted Motus a listing by way of introduction of all its issued ordinary shares on the Main Board of the JSE under the abbreviated name “Motus”, share code “MTH” and ISIN ZAE000261913 with effect from the commencement of trade on Thursday, 22 November 2018 (“Listing Date”). Motus will be listed in the “Specialty Retailers” sector.
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