The JSE has completed its first T+3 settlement cycle with no failed or “rolled” trades, thus confirming a successful implementation of the T+3 project.

South Africa's Steinhoff will bulk up its presence in the British market after agreeing a 597 million pound ($794 million) takeover of single price retailer Poundland, it said on Wednesday.

ANHEUSER-Busch InBev’s acquisition of SABMiller was approved by the Competition Tribunal on Thursday with a few amendments to the conditions proposed by the Competition Commission.

As South Africa’s financial markets finalise preparations for the Equity Market move to a shorter T+3 settlement cycle, the Johannesburg Stock Exchange (JSE) has announced that the final market testing phase of the project has been successfully completed and the transition to the shorter settlement cycle will take place on 11 July this year.