Latest news with #JET
IOL News
11 hours ago
- Business
- IOL News
Prosus' bid for Just Eat Takeaway. com extended due to longer competition authority probe
Undated handout photo of someone using the Just Eat Prosus on Tuesday extended its public offer to acquire all of Just Eat to October 1, 2025, to align with a revised competition clearance timeline set by the European Commission. Image: Just Eat/Via AP Prosus on Tuesday extended its public offer to acquire all of Just Eat (JET) to October 1, 2025, to align with a revised competition clearance timeline set by the European Commission for the R81.6 billion transaction. Prosus had offered €20.30 per share for JET in February, with the original closing date August 19, 2025. The JSE and Amsterdam-listed Naspers subsidiary said on Tuesday that the timeline had been extended to accommodate 'the ongoing regulatory review by the European Commission under the EU Merger Regulation.' According to the Techcentral website, Prosus recently offered to sell down its shareholding in Germany-based Delivery Hero, where it is the biggest shareholder, from about 27.4% to below 10%, to help smooth the way for regulatory approvals for the JET acquisition. The report cited unnamed sources claiming that the European Commission had pressed Prosus to either reduce or divest its stake in Delivery Hero. At the time the JET transaction was announced, JSE analysts had told BR that they had questions about why Prosus wished to take over JET, considering Prosus already held a major shareholding in a competing food delivery firm in Europe, Delivery Hero. Meanwhile, last month, Delivery Hero had reached a settlement agreement, which included a €329 million fine, with the European Commission in another investigation, that began in 2022, and which focused on agreements to allocate geographic markets, exchanges of commercially sensitive information, and no-poach agreements between Delivery and Barcelona-based delivery platform Glovo, prior to Delivery Hero's acquisition of Glovo. 'Currently, the European Commission is expected to issue its decision regarding the transaction on August 11, 2025. The Closing Date, as referred to in the Offer Memorandum, will therefore be extended to 1 October…to allow JET shareholders sufficient time to tender their shares into the Offer,' Prosus and JET said in a joint announcement. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Competition clearance from the European Commission is the only outstanding regulatory clearance required for the transaction to proceed. 'Prosus and JET continue to work closely and constructively with the European Commission to satisfy this,' the companies said. JET, the Amsterdam-based on-demand delivery group, is focused on connecting consumers and partners through its platforms. With 356 000 partners, JET offers consumers a variety of choices from restaurants to retail, with operations in Australia, Austria, Belgium, Bulgaria, Canada, Denmark, Germany, Ireland, Israel, Italy, Luxembourg, Poland, Slovakia, Spain, Switzerland, the Netherlands, and the UK. Prosus, which owns lifestyle e-commerce brands across Europe, India, and Latin America, already has a strong track record in food delivery. Its food businesses span more than 70 countries and include full ownership of iFood, a leading Latin American food delivery platform; the stake in Delivery Hero; an approximate 4% stake in Meituan, the global food delivery business; and a 25% interest in Swiggy, one of India's largest food and grocery delivery platforms, which recently completed a successful IPO in that country. Prosus' share price inched up 0.87% to R1 064.68 on the JSE Tuesday afternoon, but the share price has rallied strongly by over 68% over 12 months. Naspers' share price was up 0.67% to R5 789.60, and over 12 months, it has rallied over 66%. BUSINESS REPORT
Scroll.in
14 hours ago
- General
- Scroll.in
Rajasthan JET 2025 results likely today; here's how to download
Swami Keshwanand Rajasthan Agricultural University (SKRAU), Bikaner, will soon declare the results of the Rajasthan Joint Entrance Test (JET) 2025 today, July 29. Once out, candidates can download their results from the official website The Rajasthan JET 2025 was conducted on June 29, 2025. Students who have qualified the exam will be eligible for admission to Undergraduate Programmes in Agriculture & Allied Sciences in Rajasthan. Steps to download Rajasthan JET result 2025
IOL News
14 hours ago
- Business
- IOL News
Germany advances South Africa's Just Energy Transition with R10bn loan
The National Treasury on Monday said this KFW loan, which forms part of the country's third Development Policy Operation, signified a continued commitment to structural reforms crucial for enhancing the efficiency, resilience, and sustainability of the country's infrastructure, particularly within the energy sector. Image: Supplied Germany has finalised a €500 million (around R10.4 billion) loan aimed at supporting South Africa's Just Energy Transition (JET) through the KFW Development Bank (KFW). The National Treasury on Monday said this KFW loan, which forms part of the country's third Development Policy Operation, signified a continued commitment to structural reforms crucial for enhancing the efficiency, resilience, and sustainability of the country's infrastructure, particularly within the energy sector. The loan agreement, signed in the presence of prominent stakeholders including the World Bank, the African Development Bank, the Japan International Cooperation Agency, and the OPEC Fund, builds on two previous policy loans concluded in 2022 and 2023. Altogether, these initiatives represent Germany's pledge made at the COP26 summit to aid South Africa's Just Energy Transition Partnership, which is designed to combat climate change while supporting the country's socio-economic development. On Monday, Finance Minister Enoch Godongwana underscored the significance of this partnership, pointing out that the collaboration with Germany and KFW was vital for advancing the nation's development agenda. Godongwana said this loan was a significant step towards strengthening short- and medium-term energy security measures, promoting decarbonisation, and ultimately realising inclusive economic growth through job creation for disadvantaged communities. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading He further emphasised the need for ongoing policy and institutional reforms in the energy sector, adding that he believed that creating an enabling environment was essential to attract the necessary investments for a successful and just energy transition. Echoing these sentiments, Cornelia Tittmann, KFW's country director for South Africa, expressed optimism about the potential impacts of the loan. Tittmann said this financial assistance sought to support the South African government's commitment to energy sector reforms, which will facilitate the country's climate obligations and engage the private sector, thus opening new avenues for economic cooperation between Germany and South Africa. KFW's financing, which totals €1.3bn over three policy loans, is a cornerstone of the broader efforts to implement structural reforms. These goals include strengthening public institutions, catalysing private investments, and improving service delivery across key sectors in the South African economy. Tittmann specifically acknowledged the leadership of the National Treasury in coordinating this operation, highlighting the strengths of a collaborative approach over the past four years. According to Treasury, the financial terms of the new loan are notably favourable, featuring a nominal value of €500m, with a maturity of 13 years and a three-year grace period, alongside a fixed interest rate of 4.31%. The KFW loan also comes after South Africa last week inked a 15-year, R8.4bn loan agreement with the African Development Bank in a bid to bolster its energy transition efforts. This financing is part of the third Development Policy Operation and comes with collaboration from key international players including the World Bank, KFW, Japan International Cooperation Agency, and the Organization of the Petroleum Exporting Countries Fund for International Development (OPEC Fund). In November 2024, Agence Française de Développement (AFD) also finalised a landmark R7.6bn loan to drive South Africa's Just Energy Transition Plan (JETP). This loan builds on the €300 million (R5.7bn) public policy loan provided in 2022, bringing France's total contribution to the JETP to €700m of the €1bn pledged at COP26 in Glasgow. BUSINESS REPORT
The South African
14 hours ago
- Business
- The South African
South Africa secures R10.4 billion loan from German bank
South Africa has been granted a €500 million (R10.4 billion) loan for the implementation of the country's Just Energy Transition (JET) plan by the German Cooperation via KFW Development Bank (KFW). ALSO READ | South Africans doubt R7 billion BRICS loan will be used to fix roads This loan is part of South Africa's third Development Policy Operation and participants included the World Bank, African Development Bank, Japan International Cooperation Agency, and the Organisation of the Petroleum Exporting Countries Fund. 'It supports structural reforms to enhance the efficiency, resilience and sustainability of the country's infrastructure services, with a specific focus on the energy sector and climate mitigation. 'KFW's financing forms part of government's broader efforts to implement structural reforms that strengthen public institutions, crowd in private investment, and improve service delivery across priority sectors of the economy,' National Treasury said on Monday. This loan agreement builds on the two policy loans concluded in 2022 and 2023, and forms part of Germany's pledge at COP26 to support South Africa's Just Energy Transition Partnership (JETP). Germany's three policy loans, implemented by KFW, total €1.3 billion and form part of a larger package of JETP projects supported by the German Government via loans, technical assistance and grants. 'The Minister of Finance, Enoch Godongwana, [has] highlighted the significance of South Africa's partnership with Germany and KFW that remains critical to South Africa's development agenda and marks a significant step towards strengthening South Africa's short- and medium-term energy security measures, promoting decarbonisation and enhancing the socio-economic benefits of the energy transition for disadvantaged communities, thereby enabling inclusive economic growth and fostering job creation. 'The Minister also emphasised the need for further policy and institutional reforms in the energy sector to create an enabling environment for the investment required for a just energy transition,' National Treasury said. KFW's Country Director for South Africa, Cornelia Tittmann, said the loan seeks to support the government of South Africa's continued commitment to reforms in the energy sector, which give effect to South Africa's climate commitments and enable the private sector to participate, opening new avenues to strengthen economic cooperation between Germany and South Africa. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
Indian Express
15 hours ago
- General
- Indian Express
Rajasthan JET Result 2025: Result for JET, Pre PG, PhD likely today
Rajasthan JET Result 2025: The Rajasthan Joint Entrance Test (JET) 2025 result will likely be declared today, July 29. As soon as the result is announced, candidates who appeared for the test can check the result on the official website – Initially, the Rajasthan JET 2025 result was scheduled to be declared on July 25. The Rajasthan JET was administered by the Office of JET Coordinator, Swami Keshwanand Rajasthan Agricultural University, Bikaner for admission to undergraduate programmes in agriculture and allied sciences in Rajasthan. Step 1: Go to the official website: Step 2: Click on the designated link – JET/ Pre‑PG/ PhD Result 2025 Step 3: On the next window, log in using the registration ID and password or date of birth Step 4: Click on 'submit' and download the Rajasthan JET, Pre‑PG or PhD exam scorecard The Rajasthan JET, Pre‑PG or PhD 2025 exam result scorecard will have mention of the subject‑wise marks, total score obtained and qualifying status. The exam was held to determine the eligibility for admission to undergraduate, postgraduate and doctoral programmes in Agriculture and Allied Sciences across participating universities in Rajasthan. In this entrance examination, candidates securing zero or negative marks will not be eligible for counselling process. Option of BTech (Dairy Technology) will be available only for those candidates having PCM (Physics, Chemistry and Mathematics) in the Senior Secondary Examination (10+2) and attempted the PCM (Physics, Chemistry and Mathematics) in JET Examinations. Option of BTech (Food Technology) will be available for candidates having combination of PCM or PCB or PCMB or PCA only. Qualified candidates will be eligible to take part in the online counselling process. The option form is expected to open from July 28 to August 4, and the first provisional seat allotment list is expected to be released on August 12. Candidates from other states will only be eligible for admission in 50 per cent seats of private universities.
