African Phoenix Investments , which rose out of the ashes of African Bank, is considering a merger with new shareholder, financial services group Zarclear.
Zarclear had a net asset value of 536c as of the end of September, trading at a discount of 20% on Tuesday, when it had market capitalisation of about R970m.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World stocks rebound slightly, weighed by Trump’s trade warEuropean stocks open higher but Asian markets and Wall Street fall as Trump says trade war with China could extend beyond the 2020 US election
Source: BDliveSA - 🏆 12. / 63 Read more »