Alexander Forbes, Aveng, Conduit, Bell Equipment and Metair are also making headlines.
Tongaat Hulett, which had a negative net asset value of R3 billion at the end of March, said on Wednesday that it would only seek to have the suspension of its shares on the Johannesburg Stock Exchange lifted in 2020.
Read more: Tongaat wants JSE share suspension to be lifted in 2020
Prosus, has raised its bid for UK food delivery firm Just Eat as it tries to win over investors and beat out an offer from rival Takeaway.com.
The company increased its cash offer to 740 pence per share, valuing Just Eat at about £5.1 billion pounds ($6.7 billion).
Read more: Prosus ups the stakes in bid for Just Eat
Alexander Forbes plans to make acquisitions that will bolster the retirement-services provider’s consulting and administration capabilities, as part of its refocused strategy.
“We will start looking outside for growth,” CEO Dawie de Villiers (pictured) said in a Bloomberg interview on Monday. “We have done the sales now, so 2020 will be about the acquisitions and that is key for us.”
Read more: Alexander Forbes is done with sales for now and is ready to make acquisitions
Aveng said the sale of its Grinaker-LTA Ground Engineering (GEL) business fell through due to the purchaser being unable to raise the R7.5 million required.
The sale is part of Aveng’s disposal of noncore assets after the company’s strategic review in February 2018.
Read more: The sale of Aveng’s Grinaker-LTA Ground Engineering sale falls through
Conduit Capital has reached an agreement to sell its insurance business to Namibian financial services group Trustco for R2 billion in a move to improve its financial position.
The transaction would enable Conduit shareholders to benefit from an investment in a larger and diversified financial services company with operations in South Africa, Namibia and other international markets.
Read more: Conduit Capital to offload insurance business
In demonstrating its ongoing commitment to transformation and black economic empowerment (BEE) ownership in South Africa, Bell Equipment Company South Africa and Bell Equipment Sales South Africa have entered into transactions that will result in both being 51 percent black owned.
Read more: Bell Equipment completes BEE transaction
Metair has received unsolicited offers for its battery business
The company will be engaging with shareholders over the offers, having concluded that its two businesses, the automotive components and energy storage units, “are in two different strategic positions and that a managed separation of the two will unlock value for stakeholders”.
Read more: Metair receives unsolicited offers for its battery business
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