Browsing: De-listings

Listing of companies on stock exchanges. www.theexchange.africa

VFEX sees listings uptick after initial slow start

Investing

Fast food giant, Simbisa Brands Ltd., the firm that controls high-profile restaurant chains across African markets, spurred its planned VFEX listing, notifying investors in a comprehensive roadmap that the deal may be through by December 2, 2022.

Simbisa, which has risen from its Zimbabwean roots to establish a formidable African network, executes its strategy through a string of high-end hospitality brands that include the flagship Chicken Inn, Pizza Inn, Creamy Inn and Bakers Inn, one of the country’s biggest bread producers.

It also holds the franchises for quick service restaurant chain; Rocomamas, Nandos and Steers, along with Galito

In a statement that disclosed Simbisa’s rationale to switch from the ZSE, the firm’s board rallied shareholders to give an emphatic nod to the transaction at an extraordinary general meeting scheduled for November 18, 2022.…

Companies are de-listing from the JSE in favor of alternative markets for capital

Business
Companies are de-listing from the JSE in favor of alternative markets for capital
The Johannesburg Stock Exchange (JSE) building in Sandton. The oldest stock exchange in Africa has experienced a net decline in the number of companies listed on its board. The largest contentions being lack of analyst coverage and poor liquidity among the relatively smaller companies

The JSE has experienced a net decline in the listings on its main board as companies leave the bourse looking for alternative markets like private equity as sources of long term capital.

Listing activity on the Johannesburg Stock Exchange has been on the decline over the last 3 years. The largest and oldest bourse on the African continent reported in its financial results for 2021 that at least 25 companies de-listed from it during that year. In 2020 there were 20 companies that left the bourse and prior to that there were 24 de-listings. There were only 7 initial public offerings (IPOs) on the JSE in …