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11 December 2020
Hello Voornaam,

While many companies are making headlines for all the wrong reasons, emerging natural gas and helium producer Renergen is featuring for the right ones. Granted, the company has a great PR machine and CEO Stefano Marano is charismatic and quick to jump on opportunities that promote the company that is drilling for gas in the Free State.

It's a small share but getting bigger, helped by yesterday's close to 7% jump after it said it was patenting an aluminium vessel filled with helium that could keep Covid-19 vaccines - when we eventually get them - at ultra-low temperatures for up to 30 days as they are transported around the country.

Read on for more on Renergen's invention, as well as news of Capital Appreciation's upcoming listing on A2X Markets and Workforce Holdings' latest acquisition. Meanwhile, Impala Platinum has reported a poor response to its invitation to bondholders to sell back some of their paper - partly due to the big rise in its share price this week. And KAP Industrial says most of its businesses have shown a good recovery after their operations were hampered by Covid-19 lockdowns.

It's the end of the week, so DealMakers also brings you the latest mergers and acquisitions news from here and around the rest of the continent.

Have a great weekend.

Stephen Gunnion

Managing Editor, InceConnect


The latest from Ingham Analytics

Sasol has 628 million shares in issue - and Ingham Analytics calculate this figure could grow to 1 billion should there be a $2 billion rights issue, 36% of the market value of the company. This will have significant implications for shareholders as "Stuck between the devil and the deep blue sea" analyses. Even after asset sales at discount prices there is still a big hole in the balance sheet and expensive USD debt to service.

Copper hit $7,800/t yesterday, up 70% since March. "Dr Copper gives a diagnosis", issued on Tuesday, assesses what's going on with metals.


Todays Latest Headlines

Renergen patents Covid vaccine transport solution
The emerging natural gas producer is developing what it believes is one of the highest concentrations of helium globally at Virginia in the Free State.
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Poor take-up of Implats bond offer
A rise in its share price swayed bondholders from taking up the invitation.
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Capital Appreciation to list on A2X
The listing will take the number of securities on A2X to 39 with a combined market cap of more than R2.2 trillion.
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KAP Industrial cushioned by resilient businesses
The industrial holding company says its strategy and diversified business model have proven to be resilient through the Covid-19 crisis.
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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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