Takeaway.com beats Prosus in Just Eat battle

SOUTH AFRICA

◆ Prosus loses out as Takeaway.com wins Just Eat war: Online food ordering company Takeaway.com has won the battle for Britain’s Just Eat with a £5.9 billion (R110bn) all-share offer that will create one of the world’s largest meal delivery companies.

◆ MTN share price gains 5 percent as Nigeria withdraws tax demand: Shares in Africa’s largest mobile operator, MTN, rose as much 5 percent on Friday as the operator announced that Nigerian authorities had withdrawn a $2n (R28.54bn) tax demand.

◆ Rand Merchant Investment Holdings (RMI) says Australian bushfires may cost its subsidiary R400 million: RMI said its Australian subsidiary, Youi, has estimated it could incur gross losses of as much as A$40m (R400m) as a result of bushfires in that country. ◆ Sibanye swoops on DRDGold, taking control: Sibanye-Stillwater launched its option to buy DRDGold shares cheaply and take a majority stake in the listed tailings-retreatment specialist for R1bn.

◆ Production was stable in fourth quarter of 2019, says Tharisa: Chrome and platinum group metals miner Tharisa said its production levels were stable in the three months to end December, even as it battled inclement weather and load shedding.

OFFSHORE

◆ Saudi Aramco stretches away as top initial public offering (IPO) after extra sale:

◆ Anger over ex-Boeing chief’s $80m payout: Families of people killed in crashes of Boeing’s 737 Max have reacted with anger after it was disclosed that ousted chief executive Dennis Muilenburg walked away with stock, benefits and share options worth about $80m.

◆ Vanguard smashes through $6 trillion assets barrier: Vanguard’s assets under management have surged past the $6tn mark for the first time after it gathered $268bn in new cash in 2019, its third-best annual performance.

◆ Nissan steps up planning for potential split from Renault: Nissan executives have accelerated planning for a potential split from Renault as the downfall of Carlos Ghosn continues to reverberate.