Below are some of the most interesting business stories I came across in 2020.
P. S The list is not exhaustive.
1) PSG unbundled it's 28.1% ownership of Capitec.
2) MTN sold a minority stake in Jumia Technologies for R2.3-billion.
3) Dischem has completed the acquisition of Medicare Health for R282million
4) TFG bought 381 Jet stores from Edcon for R480m.
5) Capitec entered into a partnership with SA Home Loans to offer home loans.
6) Food Lover’s Market has started closing outlets in Zambia.
7) Sasol sold 50% of the "base chemicals division" at Lake Charles which equates to ~25% of total Lake Charles project. Sasol will still retain around ~75% of the total Lake Charles Chemical Project.
8) Sasol agreed to sell its 50% stake in Gemini for R6.2bn.
9) Tongaat Hulett sold its starch and glucose business to Barloworld for R5.26bn. The group has used R4.64bn of this to pay down debt.
10) The Competition Commission approved Nimble Fund 1’s intention to acquire Edcon Book Debts.
11) Greg Maloka has decided to resign from Kaya.
12) Ethos Private Equity has won a contract with Ninety One to take on an advisory contract for Ninety One's Africa Private Equity funds.
Ninety One will maintain control and oversight of the portfolio, while Ethos will manage the assets
13) Bidvest Wits sold to TTM