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Prudential Financial and LeapFrog Investments announce intention to acquire a strategic minority interest in Alexander Forbes Group Holdings Limited

Prudential Financial and LeapFrog Investments are backing one of Africa’s leading independent providers of financial advice, retirement, investment, and wealth management services, further deepening their presence and potential to impact people’s lives across the continent JOHANNESBURG & NEWARK, N.J. (BUSINESS WIRE) Prudential Financial, Inc. (Prudential Financial) (NYSE: PRU), in partnership with LeapFrog…

Steinhoff finds an echo in Ermelo, Piet Retief and Carolina

5 years later, Gauteng school still unsafe following the electrocution and death of a learner

Over five years since a matric learner tragically died at Geluksdal Secondary School in Gauteng after being electrocuted because electrical equipment was repeatedly stolen but not replaced by the Gauteng Department of Education (GDE), the infrastructure at the school remains a serious risk to learners’ rights and lives. On 7 February 2022, the High Court of South Africa (Gauteng Local Division, Johannesburg) will hear a Mandamus application, in which SECTION27 has been admitted as amicus curiae, about the unsafe infrastructure at the school. 

TRANSACTION CAPITAL LIMITED – Transaction Capital to increase its shareholding in WBC Holdings Proprietary Limited - SENS

Transaction Capital Motor Holdco Proprietary Limited (“TCMH”), a wholly-owned subsidiary of Transaction Capital, has concluded a subscription agreement, a sale agreement and a warranty agreement (collectively “transaction agreements”) to (i) subscribe for shares in WBC Holdings Proprietary Limited (“WBC Holdco”) and acquire shares from certain of the existing shareholders in WBC Holdco (“subscription and sale transaction”); and (ii) exchange the existing shares held by TCMH in We Buy Cars Proprietary Limited (“WeBuyCars”) for newly issued shares in WBC Holdco (“exchange transaction”), such that following the implementation of the transaction agreements, TCMH will hold 74.9% of the issued shares in WBC Holdco on a fully diluted basis (the

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