🇿🇦 Johannesburg Stock Exchange

Steinhoff (JSE: SNH) and Mattress Firm (NASDAQ: MFRM) announced that they have entered into a definitive merger agreement under which Steinhoff will, subject to the successful consummation of a cash tender offer, acquire Mattress Firm for $64.00 per share in cash. This represents a total equity value of approximately $2.4 billion and an enterprise value for Mattress Firm of approximately $3.8 billion including net debt.

Mauritian-based Ethos Capital, an investment entity offering capital market investors a unique, liquid platform to gain exposure to a diversified pool of unlisted private equity type investments, today successfully listed in the “Financials – Speciality Finance” sector of the main board of the securities exchange operated by the JSE.

The South African Reserve Bank (SARB) says it has been reassured by the Johannesburg Stock Exchange (JSE) that steps are in place to prevent a reoccurrence of a programming error, which resulted in incorrect data being reported.

Johannesburg, 24 July 2016: It has come to the JSE’s attention that due to a programming error affecting the manner in which it extracts statistical data from its core transactional systems, the non-resident (foreign trading) statistics for the Equity Market for the period 31 May to 20 July 2016, were incorrectly calculated.