Here’s what caught our attention on Tuesday:
1. Aspen’s new manufacturing facility
Pharmaceutical company Aspen Pharmacare opened a R1 billion facility in Port Elizabeth on Monday. In accordance with Moneyweb this facility forms part of Aspen’s offers to open three plants to become a global specialist in niche pharmaceuticals. Aspen is investing an extra R2 billion for that other two facilities. The organization offers export 90% of production.
2. AngloGold Ashanti production update
Gold mining company AngloGold Ashanti said from a trading statement that with the quarter ended March 31 2018, there was stable yet strong manufacture of 824 000 ounces. Profit from the operations increased by 22%, while production, costs and capital stop in line with annual guidance.
3. Rebosis interim results
Rebosis property fund released its interim results . The firm reported revenue progress of R1 195 686 and features declared a dividend of 126.43 cents per ordinary share, to your few months ended February 28 2018. Rebosis announced recently that former CEO and founder, Sisa Ngebulana, is going to take charge. This moves follows the resignation of Andile Mazwai, Moneyweb reported.
4. Libstar listing happens today
Packaged food company Libstar managed to raise R1.2 billion in front of its listing over the JSE on Wednesday. Woolworths Food made the most important contribution towards its growth. Woolworths Food, Shoprite Checkers, Pick n Pay, Spar and McDonalds included 55% on the group’s revenue in 2017.
Read: 7 things you couldn’t know about new listing Libstar
5. Mcebisi Jonas joins MTN
Former deputy finance minister Mcebisi Jonas is going to be joining MTN as the non-executive director from June 1, TechCentral reported. Jonas is also among President Cyril Ramaphosa’s “chosen ones”, that can help South Africa attract investment.