The chemicals, fertiliser and explosives group says its R2 billion capital raise was fully subscribed.
The vast majority of Omnia’s shareholders have taken up their rights in a deeply discounted capital raise aimed at recapitalising the group. Article by Stephen Gunnion.
SA Corporate Real Estate, which has recently rebuffed takeover offers from Dipula Income Fund and Emira Property Fund, expects distributions to fall as much as 4% in its financial year as it battles with falling rental rates due to SA’s tepid economic conditions. Article by Karl Gernetzky with comment from Rahgib Davids – investment analyst at Kagiso Asset Management.