Africa’s biggest grocery retailer Shoprite is in talks with Steinhoff about buying its African assets in an all-share deal that would create a group with $15 billion in annual sales, the pair said yesterday.

(CAJ News) – SANLAM and its short-term insurance subsidiary, Santam, will increase their stake in Morocco-based SAHAM Finances to 46,6 percent for US$329 million.

LITTLETON, Colo., Dec. 9, 2016 /PRNewswire/ -- Stillwater Mining Company ("Stillwater" or "the Company"; NYSE: SWC) today announced that it has entered into an agreement with Sibanye Gold Limited ("Sibanye"; JSE: SGL; NYSE: SBGL), under which Sibanye will acquire Stillwater for $18.00 per share in cash representing an aggregate enterprise value of $2.2 billion. The $18.00 per share transaction price represents a 61% premium to Stillwater's volume-weighted average share price over the 52 weeks prior to the announcement of the transaction, a 25% premium to its volume-weighted share price over the 30 trading days prior to the announcement and a 23% premium to its closing share price on December 8, 2016. The transaction also represents a 14.0x multiple of IBES consensus 2017 EBITDA1 estimate.

On 18 November 2016, Dis-Chem Pharmacies Limited (JSE: DCP), a specialist pharmacy and health company, 18 November 2016, listed in the Food and Drug Retailers sector on the JSE’s Main Board. Dis-Chem is the 14th company to list on the JSE this year.