South African based Liberty Holdings, and the largest shareholder in Liberty Kenya, plans to increase its ownership in Liberty Kenya from 57% to 73% by acquiring 49.5 million ordinary shares of the listed insurer from KFAMF Sellers and 34.7 million ordinary shares from Coronation Sellers.

South Africa’s MTN Group (JSE:MTN, GSE:MTNGH, NGSE:MTNN) is selling off its 20% shareholding in Belgacom International Carrier Services SA (BICS) to Belgian state-controlled telecoms firm Proximus for 1.8 billion rands ($121.41 million).

US based renewable energy company, Montauk Renewables, listed on the Johannesburg Stock Exchange’s (JSE) Main Board, making this the first company listing for 2021. This listing is a secondary listing for the company under the alternative fuels classification. Montauk was previously listed on the JSE as Montauk Holdings. Montauk Renewables is a new listing resulting from the unbundling of Montauk Holdings.

Fitch Ratings has upgraded five South African banks' National Long-Term Ratings to 'AA+(zaf)' from 'AA(zaf)' to reflect an improvement in their creditworthiness relative to the best credits in the country. They are Absa Bank Limited, FirstRand Bank Limited, Investec Bank Limited, Nedbank Limited and The Standard Bank of South Africa Limited.