HomeMarket OverviewSA Market Highlights | 25 - 29 March

SA Market Highlights | 25 - 29 March

27-03-2024
SA Market Highlights | 25 - 29 March

Outline

The South African rand remains flat against the US dollar at R18.93 this week. It could be in for a volatile week as it awaits the South African Reserve Bank’s interest rate decision to be announced on Wednesday.

Most companies in the mining sector have seen double-digit growth over the past week. Tharisa Plc is leading the pack, rising 16.67% to R14.05. This is the result of commodity prices, including Gold, moving higher.

#THA #Gold.

Detailed Overview

Last week, Transactional Capital announced that WeBuyCars has garnered R902.7 million pre-listing capital and has sold its Australian debt collection business, Nutun, for R720 million. The group is worth R6.5 billion, and together with the raised capital, will have a total market value of R7.82 billion. The share price has recovered 9.39% since the start of 2024.

#TCP

The helium and natural gas group, Renergen, announced that Airsol, an Italian industrial gas group, has added an additional R76 million in debt instruments bringing the total to R133 million. The debt instruments (debentures) can be converted to shares when Renergen lists on the Nasdaq. The group is eyeing listing in the US, which will unlock needed capital for growth.

#REN

Read also

Brokstock
Suite E 017
Midlands Office Park East
Mount Quray Street
Midlands Estate
Gauteng
1692
Monday-Friday
9:00 - 18:00
Follow us on
© 2024 BCS Markets SA (Pty) Limited ('BCS Markets SA').

BCS Markets SA (Pty) Ltd. is an authorized Financial Service Provider and is regulated by the South African Financial Sector Conduct Authority (FSP No.51404). BCS Markets SA Proprietary Limited trading as BROKSTOCK.

The materials on this website (the “Site”) are intended for informational purposes only. Use of and access to the Site and the information, materials, services, and other content available on or through the Site (“Content”) are subject to the laws of South Africa.

Risk notice Margin trading in financial instruments carries a high level of risk, and may not be suitable for all users. It is essential to understand that investing in financial instruments requires extensive knowledge and significant experience in the investment field, as well as an understanding of the nature and complexity of financial instruments, and the ability to determine the volume of investment and assess the associated risks. BCS Markets SA (Pty) Ltd pays attention to the fact that quotes, charts and conversion rates, prices, analytic indicators and other data presented on this website may not correspond to quotes on trading platforms and are not necessarily real-time nor accurate. The delay of the data in relation to real-time is equal to 15 minutes but is not limited. This indicates that prices may differ from actual prices in the relevant market, and are not suitable for trading purposes. Before deciding to trade the products offered by BCS Markets SA (Pty) Ltd., a user should carefully consider his objectives, financial position, needs and level of experience. The Content is for informational purposes only and it should not construe any such information or other material as legal, tax, investment, financial, or other advice. BCS Markets SA (Pty) Ltd will not accept any liability for loss or damage as a result of reliance on the information contained within this Site including data, quotes, conversion rates, etc.

Third party content BCS Markets SA (Pty) Ltd. may provide materials produced by third parties or links to other websites. Such materials and websites are provided by third parties and are not under BCS Markets SA (Pty) Ltd.'s direct control. In exchange for using the Site, the user agrees not to hold BCS Markets SA (Pty) Ltd., its affiliates or any third party service provider liable for any possible claim for damages arising from any decision user makes based on information or other Content made available to the user through the Site.

Limitation of liability The user’s exclusive remedy for dissatisfaction with the Site and Content is to discontinue using the Site and Content. BCS Markets SA (Pty) Ltd. is not liable for any direct, indirect, incidental, consequential, special or punitive damages. Working with BCS Markets SA you are trading share CFDs. When trading CFDs on shares you do not own the underlying asset. Share CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail traders accounts lose money when trading CFDs with their provider. All rights reserved. Any use of Site materials without permission is prohibited.