VIEW ONLINE
01 November 2019
Hello Voornaam,

The JSE may be about to lose another two listings. Specialty chemicals group Rolfes unveiled an anticipated offer to take it private yesterday, while Peregrine Holdings rose close to 8% after it said it had received a non-binding expression of interest.

Meanwhile, Sibanye-Stillwater, which is reported to be contemplating shifting its primary listing to New York, hinted at the resumption of dividends towards the end of next year as it gets its debt under control. And Afrimat declared a juicy interim dividend after a strong first-half performance across its businesses.

More on those stories in your final newsletter of the week, as well as Chris Gilmour's thoughts on Comair's annual general meeting which he attended earlier this week. Corporate governance and director remuneration were high on the agenda.

Sustainability is another crucial issue that shareholders have been taking up with the companies they invest in. Sanlam has been working with a business called Waste Want which aims to help solve SA's growing waste challenge, while creating jobs.

For those looking to contribute to the sustainability of the planet, here's another opportunity. Sun Exchange is built on the principle of profits with purpose, with sustainability at its core. The company increasingly plays a key role in accelerating the global transition to clean power in South Africa, and soon, other emerging markets. Its equity crowdfunding campaign with Uprise.Africa is an unprecedented opportunity for anyone who shares these values to join the fast-growing Sun Exchange movement and benefit from the success of one of the most exciting, disruptive and future-minded companies on the planet. Click here if you'd like to participate.

Finally, as the weekend approaches you might want something softer on the eye - and the mind. Strauss & Co's November sale explores South African art's love affair with Paris and is due to be held at its Houghton offices on Monday, 11 November. The summer sale will focus collectors' attention on the strong influence Paris exerted on South African art throughout the twentieth century. The top three lots in the upcoming sale are by Alexis Preller, William Kentridge, and Penny Siopis, highly acclaimed artists who each spent time in Paris early in their careers.

Click here for the online catalogue.

I hope you have a good weekend.

Stephen


Todays Latest Headlines
Private equity makes a play for Rolfes
Shareholders will get a premium for their shares but the offer price is well below the all-time high.
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Sibanye-Stillwater mulls dividends as debt declines
The gold and platinum producer says it is on track to reach its debt targets and may resume dividends at the end of next year.
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Could solving real challenges be key to enterprise success?
In South Africa, we recycle just 11% of the 42-million tonnes of general waste we create per annum.
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Who's doing what this week in the South African M&A space?
Weekly summary of Merger & Acquisition activity by South African companies
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Who's doing what in the African M&A space?
Weekly summary of all Merger & Acquisition activity from across Africa (excluding South Africa)
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Comair Limited AGM was refreshing; though there is still some way to go
Comair held its annual general meeting (AGM) on Tuesday 29 October and, as expected, corporate governance (or the lack thereof) was high on the agenda.
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