🇿🇦 Johannesburg Stock Exchange

Naspers (JSE:NPN) today published a circular convening the Extraordinary General Meeting (EGM) for shareholders to vote on the resolution to proceed with its intention to list its international internet assets as Prosus on Euronext Amsterdam as well as a secondary, inward listing on the JSE. The EGM will be held on Friday 23 August 2019, in Cape Town, South Africa immediately following the Naspers AGM, which commences at 11:15am.

PepsiCo, Inc. (NASDAQ:PEP) today announced that it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd. (JSE:PFG) for R110.00 per share in cash (approximately US $1.7 billion), which represents a 56% premium to the 30-day volume weighted average price prior to the cautionary announcement on July 15, 2019.

Vodacom (JSE:VOD, DSE:VODA), the South African network operator is selling 100% of its business in Nigeria to Synergy Communication, and it is also finalizing plans to sell its subsidiary in Zambia and Cote d’Ivoire to Synergy, this is according to reports by Nairametrics.

Africa’s leading hospitality group, Tsogo Sun Hotels Limited (JSE:TGO) today became the second company to list on the JSE’s main board this year.