RBH to invest R500m in Transaction Capital, acquire further 12.4 million shares
Royal Bafokeng Holdings was introduced as a long-term strategic shareholder in Transaction Capital during November 2020.
Royal Bafokeng Holdings
Vodacom’s YeboYethu BEE scheme smashes it – six-bagger in ten years, with more to come
If all Black Economic Empowerment schemes delivered as well as Vodacom’s YeboYethu offering, there would be no debate about a philosophy which some feel has been hijacked by elites.
Vodacom plans R17.5bn share sale to raise black stake
Vodacom proposed raising the share of black shareholding in Africa’s largest wireless carrier by selling a stake of as much as 6.35 percent to investors including Royal Bafokeng, Thebe Investment, YeboYethu and company staff.
Vodacom’s loss, Econet’s gain – agrees $483m Neotel deal
Liquid Telecom, majority owned by Econet Wireless Global, agreed to pay R6.55 billion to Tata Communications for South African Internet-service provider Neotel.
Ex-Deutsche SA boss to run R106bn RMI/RMH
RMB Holdings (RMH) and Rand Merchant Insurance Holdings (RMI), worth over R100bn combined, have appointed former Deutsche Bank CEO Herman Bosman as CEO-designate. He will succeed Peter Cooper, who will be retiring from his executive positions at the end of 2014, after 22 years with the group. RMH owns 34% of FirstRand and in 2011 … Read more
Pricing Vodacom’s YeboYethu: Gardee sizes up whether it is worth R50/share
Trading in YeboYethu kicked off this morning, with shares in Vodacom SA‘s Black Economic Empowerment security changing hands at around R50. Many YeboYethu shareholders will be wondering whether this is a good price – or whether they can get much more by holding out for longer. Unpacking the numbers for Biznews.com‘s community members is Riaz … Read more
SA’s platinum sector’s outlier: A company that’s expanding and holding costs
Royal Bafokeng Platinum is near the epicenter of South Africa’s labour relations minefield . But in contrast to its peers, the Black owned and run business has negotiated skillfully enough to avoid any explosions. As CEO Steve Phiri explains in this interview, that’s been helped by the dominance which the more mature NUM has at … Read more