Karl Gernetzky

The Takeover Regulation Panel said on Friday it has started an investigation into Ascendis Health after a litany of complaints at a firm that is eyeing delisting from the JSE this year.

Shares of JSE-listed packaging and paper producer Mondi jumped more than 10% on Friday when it announced it has decided not to go to battle to acquire industry peer DS Smith, which has another hefty offer.

MultiChoice, the owner of DStv and Showmax, said on Tuesday deputy chair and former PIC CEO Elias Masilela has now shifted to chair - about a month after he was originally supposed to.

PayU, the global online payments service provider wholly owned by Prosus, has received in-principal authorisation from the Reserve Bank of India (RBI) to operate as a payments provider after a 15-month wait.

The Competition Tribunal has approved a takeover of SA's largest fuel service network Engen by Dutch-Swiss commodities group Vitol, but has imposed a host of conditions, including on procurement and employee ownership.

Anglo American Platinum (Amplats) said on Friday it has named Sayurie Naidoo as its CFO and executive director with effect from 1 May, replacing Craig Miller, who has taken up the position of CEO.

MTN Nigeria, Africa's largest mobile operator's biggest market, says pressure from high energy costs and currency volatility continued in its first quarter to end March, and its negative shareholder equity now stands at almost R6 billion.

It has been reported to HBG Schindlers Attorneys by several sources that City Power is visiting properties and terminating the electricity supply

Shares of private hospital operator Life Healthcare crashed almost 7% on Thursday after it flagged weakness in its core profit amid a rise in operating costs.

JSE-listed packaging and paper producer Mondi said on Friday its still upbeat after losing out a chance to take over rival DS Smith, buoyed by an improving order book as well as other acquisition opportunities in the market.