Mvela

 

M&G says Sexwale deal not on the table

Staff Reporter

Mail & Guardian publisher Trevor Ncube has scotched rumours that Tokyo Sexwale's Mvelaphanda Group is planning to buy a 30% stake in the newspaper. Ncube said that the company was in talks with a number of people, but at this stage, a deal was not on the cards.

Angloplat in multibillion-rand BEE deal

Eric Onstad

The world's top platinum producer, Angloplat, launched a R35-billion black economic empowerment (BEE) deal on Tuesday to sell mines to two black-led firms and hand out shares to its mostly black workers. The deals will forge two new major players in South Africa's platinum sector, the world's largest, and burnish credentials of Angloplat.

JSE a tad higher ahead of Fed verdict

Tiisetso Motsoeneng

The JSE rose modestly at noon on Tuesday as investors became more optimistic that the United States Federal Reserve would cut interest rates, which would bolster Wall Street. Investors cheered the news that Tokyo Sexwale's Mevelaphanda group plans to buy up to 30% of Johncom's to-be-formed Opco.

Mvela in new talks that may affect shares

Staff Reporter

South African investment firm Mvelaphanda Group (Mvela) said on Wednesday that it was in talks that may affect its share price if successfully concluded, sending its stock price higher. Mvela said the cautionary was not related to the deal in which the firm said it had agreed with fund management group Allan Gray to buy up to 30% of Johnnic Communications' media unit.

Mvela to buy up to 30% of Johncom media

Staff Reporter

South African investment firm Mvelaphanda has reached agreement with fund management group Allan Gray to buy up to 30% of Johnnic Communications' media unit, it said on Tuesday. Mvelaphanda said it will buy a minumum of 25,1% and a maximum of 30% of Johncom's media business, provisionally named Opco.