Trading Day – Impala Platinum boosts its stake in Royal Bafokeng Platinum to 40%. 

Impala Platinum acquires just over 2.5 million additional shares in Royal Bafokeng Platinum to bump its stake in the company past 40%.

Renergen also announces smooth operations amid load-shedding, having almost filled its LNG tanks which are ready for delivery.

In other news, the world waits with bated breath as central banks around the globe are set to announce their respective interest rate decisions over the next two days.

Here is the biggest news of the day.

  • Impala Platinum boosts shareholding in Royal Bafokeng Platinum past 40%. Implats announced that it had concluded agreements to acquire a further 2,678,984 RBPlat Shares constituting approximately 0.9% of the company. This will bring Implats stake to 40.1%.
  • Renergen hits smooth operation stride. The company announced that it is now running continuous shifts, covering 24/7 operation and are unaffected by load-shedding. Their LNG tanks are almost full and ready for delivery to customers.
  • Gemfields Group hosts a successful emerald auction. The emeralds originate from the Kagem Mine in Zambia, which is 75% owned by Gemfields and 25% owned by the Industrial Development Corporation of Zambia. The auction generated a revenue of USD 32.9 million at an average sales price of USD 9.01 per carat, the second-highest figure ever achieved at a Kagem commercial quality auction.
  • Luxe Holdings is in talks to sell Arthur Kaplan and World’s Finest Watches and other group assets under the Jewellery and Watch division. This will leave Luxe with only  NWJ as its only jewellery brand. The businesses will be bought by current group CEO Althea Gewar’s company Go Dutch for an unspecified cash amount. Gewar is the sole director and shareholder of Go Dutch.
  • Stor-Age announces secondary listing on A2X stock exchange.
  • Omnia’s CEO disposes of half of the share-based remuneration after it vests. The remuneration was awarded in March 2020 in lieu of regular compensation. Seelan Gobalsamy’s share-based compensation was due to vest in March 2022, but he agreed to a further 6-month delay in the vesting date. He disposed of 124 375 shares at an average price of R66.08 for R8.2 million. 33 out of 34 lots were sold.
  • Markets brace for central bank decisions worldwide. Over the next two days, 16 different central banks will announce their interest rate decisions. The US Fed will announce its interest rate decision tomorrow and include an update to its summary of economic projections. The South African Reserve Bank will announce its new repo rate on Thursday. In addition to that, interest rate decisions are due from the UK, Japan, Switzerland, Norway, Brazil, Turkey, Indonesia, Philippines, Egypt, and Taiwan.
  • Bitcoin briefly dips below $19 000, marking yet another new low for the cryptocurrency since 2021.