Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo

SANRAL Director Resignation Sparks Governance Reorganization Amid Infrastructure Projects

  • Ms. Noluphumzo Leonora Noxaka resigns from SANRAL’s Board, effective July 2, 2024.
  • SANRAL initiates reconstitution of sub-committees following Noxaka’s departure.
  • Engagement with National Treasury and Department of Transport underway to fill board vacancies.

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Tongaat Hulett Equity Plan: Vision Investments to Acquire 97.3% Stake Amid Delisting Risks

  • Tongaat Hulett Limited implements a business rescue plan involving an equity subscription.
  • Vision Investments will acquire 97.3% of THL’s share capital through the subscription.
  • Shareholders face potential delisting risks despite plans to retain THL on the JSE.

Tongaat Hulett Equity Plan: Vision Investments to Acquire 97.3% Stake Amid Delisting Risks Read More »

Clicks Group Sells Unicorn Pharmaceuticals, Clears Path for New Licenses Amid Legal Resolution

  • Clicks Group will sell its stake in Unicorn Pharmaceuticals to comply with a Constitutional Court judgment.
  • The sale will allow the Department of Health to issue new retail pharmacy licenses to Clicks Group.
  • The divestment supports Clicks Group’s expansion in providing accessible healthcare across South Africa.

Clicks Group Sells Unicorn Pharmaceuticals, Clears Path for New Licenses Amid Legal Resolution Read More »

Land Transport Trends: Freight Volumes Drop 6.5%, Passenger Journeys Surge 38.1% in April 2024

  • Freight volumes declined by 6.5% in April 2024 compared to April 2023, with income slightly down.
  • Income from freight transportation rose by 2.1% in the three months ending April 2024.
  • Passenger journeys soared by 38.1% in April 2024, accompanied by a 17.1% income increase.

Land Transport Trends: Freight Volumes Drop 6.5%, Passenger Journeys Surge 38.1% in April 2024 Read More »