Business In The News South Africa

Sanlam to buy Absa Consultants and Actuaries for R285million

JOHANNESBURG, October 16 – South African financial services group, Sanlam Life Insurance, on Monday entered into agreements to acquire 100 percent of the issued share capital of Absa Consultants and Actuaries (ACA) from Absa Financial Services for a consideration of R285 million.   ACA houses the entire employee benefits offering of the Absa Group and provides […]

Business In The News South Africa

Growthpoint Properties a step closer to wholly owning N1 City Mall

JOHANNESBURG, August 11 – JSE-listed Growthpoint Properties got one step closer to acquiring N1 City Mall from Redefine Properties after the Competition Commission recommended to the Competition Tribunal that its proposed merger be approved without conditions. The 64,000m2 N1 City Mall, with over 140 stores, is situated in Goodwood, Cape Town, and is jointly owned by Growthpoint and Redefine. The […]