Also: Life Healthcare exits India and Grit sees potential investment opportunities across sub-Saharan Africa.
Tiso Blackstar Group has signed an agreement to sell it's South African media, broadcasting and content businesses to Lebashe Investment Group for R1.05 billion.
Tiso Blackstar said the sale will unlock significant value for its shareholders “while also ensuring that the media business has a strong and committed shareholder in Lebashe to take it forward.”
Read more: Tiso Blackstar Group sells media business to Lebashe for R1 billion
Life Healthcare has raised about R3.7-billion by selling its investment in India.
The company’s sale of its 49.7 percent stake in Max Healthcare Institute, to Radiant Life Care, became effective on 21 June. Radiant paid 80 rupees ($1.15) per share, which equates to about R3.7 billion of net proceeds after costs, hedges and taxes, Life Healthcare said.
Read more: Life Healthcare exits India
Grand Parade Investments has sold its 10 percent stake in Spur Corporation back to the steakhouse company.
Read more: Grand Parade Investments sells its 10 percent shareholding in Spur Corporation
Vodacom Group plans to sell enterprise activities in Nigeria, Zambia and Ivory Coast to Synergy Communications and units in Angola and Ghana to Internet Technologies. Vodafone Ghana will also buy enterprise activities in Ghana.
Read more: Vodacom offloads business units serving corporate customers
Sibanye-Stillwater plans to sell a 51 percent stake in its PGM-copper project in northern Ontario to Generation Mining in a deal to further develop the asset.
The agreement will see Sibanye-Stillwater receive upfront proceeds in the form of 3.0 million Canadian dollars (CAD$) in cash and 11,053,795 shares at CAD$0.2714 per share in Generation Mining, equating to a 12.9 percent equity stake.
Read more: Sibanye-Stillwater to sell 51 percent stake in Canadian PGM-copper project
Gemfields has entered into a joint venture with Mozambican company Mwiriti to explore for gold over greenfield licences near the companies' Montepuez Ruby Mining JV operation, in Mozambique.
Read more: Gemfields enters gold exploration joint venture in Monzambique
Grit Real Estate Income Group said it sees potential investment opportunities across sub-Saharan Africa that are valued at $600-million (R8.6-billion).
Read more: Grit sees $600 million worth real estate investment opportunities across Africa
[cfocoza-cta slug=get-the-latest-m-a-news]
