Latest news with #Pty)Ltd
The Citizen
3 days ago
- Business
- The Citizen
Minister appoints Ithuba Holdings to run national lottery for 12 months
Trade, Industry and Competition Minister Parks Tau has appointed Ithuba Holdings (RF) (Pty) Ltd as the temporary national lottery and sports pool operator for 12 months. This as the minister on Wednesday announced the successful conclusion and appointment of Sizekhaya Holdings (RF) (Pty) Ltd ('Sizekhaya') as the fourth national lottery and sports pools operator. However, Sizekhaya's appointment takes effect on June 1, 2026. 'Sizekhaya's appointment takes effect on June 1, 2026, and requires that there be transition from the third national lottery and sports pools operations to the fourth national lottery and sports pool licence operations. 'On advice of the National Lotteries Commission, I also authorised that a temporary licensee must be appointed in terms of section 13B of the Lotteries Act, 1997. 'I am pleased to report that I have concluded, on advice of the commission, successful negotiations with Ithuba Holdings (RF) (Pty) Ltd and have signed a temporary licence agreement for them to operate the National Lottery and Sports Pool for a period of 12 months with effect June 1, 2025,' said the minister in a statement on Saturday. The temporary licence will ensure the continuation of the lottery operations in the period the transition is required from the third to the fourth licence operations. In addition, the minister said he takes issue with the judgment of the High Court of May 21, which found that the Temporary Licence Request for Proposal (RFP) was not valid and has appealed this judgment. 'However, in its judgment of May 21, the court accepted that it is in the public interest that the National Lottery should continue to operate to raise revenues to fund worthy causes, notwithstanding that the court was not satisfied with the RFP process. Additionally, another court affirmed my power to appoint a temporary licensee in its judgment of May 30,' said Tau. It is in the context of both the May 21 and 30 judgments that the minister received and accepted the advice from the commission that he appoint a temporary licence operator on an urgent basis. 'I am pleased that the National Lottery operations will not be interrupted during transition from the third to [the] fourth licence operations and that worthy causes will continue to receive support,' said the minister. – Breaking news at your fingertips… Follow Caxton Network News on Facebook and join our WhatsApp channel. Nuus wat saakmaak. Volg Caxton Netwerk-nuus op Facebook en sluit aan by ons WhatsApp-kanaal. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
The Citizen
26-05-2025
- Automotive
- The Citizen
Major road resurfacing to be completed next month
The Tshwane metro has launched a multi-million rand road resurfacing project across Hammanskraal, Soshanguve, Mabopane, and Ga-Rankuwa to improve driving safety in the northern regions. The project, which began on May 12, is expected to be completed by June 25. Metro spokesperson Lindela Mashigo said over R73-million, excluding VAT, has been allocated to the project, with the most investment in Soshanguve. Funding has been allocated as follows: -Soshanguve at R29.7-million, -Hammanskraal at R26.9-million, -Mabopane at R13.4-million and -Ga-Rankuwa receiving R3.6-million. Skontiri 🛣️ — Tlangi Mogale: CoT MMC for Roads&Transport 🇿🇦 (@tlangimich) May 21, 2025 The distance to be resurfaced covers approximately 34.5km: -Soshanguve: 15.4 km -Hammanskraal: 10 km -Mabopane: 7 km -Ga-Rankuwa: 2.1 km. According to Mashigo, contractors were appointed by standard public tender governed by the municipality's supply chain management policies. The appointed contractors are: -Hammanskraal: Shonisani Rambau Construction (Pty) Ltd -Soshanguve: Asphaltic (Pty) Ltd and TCT Civil and Construction CC -Mabopane: Actophambili Roads (Pty) Ltd -Ga-Rankuwa: Asphaltic (Pty) Ltd. 'Each project site is overseen by a city-appointed project manager and engineering consultants to ensure strict quality control and accountability. 'Community liaison officers have been appointed in collaboration with local ward councillors to maintain clear communication between residents and contractors, and minimise disruption to schools, businesses, and public transport services,' said Mashigo. He confirmed that the resurfacing initiatives are part of the metro's broader long-term maintenance strategy, which aims to extend the lifespan of its road infrastructure. While the current scope is limited to resurfacing, with no upgrade to drainage, signage, or street lighting, the metro has emphasised its commitment to ongoing infrastructure development. Soshanguve North getting its roads make over🇿🇦❤️ Bastrata ANCingovt🖤💚💛 — Tlangi Mogale: CoT MMC for Roads&Transport 🇿🇦 (@tlangimich) May 21, 2025 In a move welcomed by residents, the project also includes the employment of local labourers and subcontractors, contributing to economic stimulation in the targeted communities. The metro encouraged all residents to stay informed through their local ward offices and to cooperate with construction teams to ensure the project's smooth completion. Kaizer Mahlobo of Soshanguve Block X said the metro must extend the project to all areas of Soshanguve, not limited areas. 'We're ducking potholes each day, and we hope that the project will benefit all residents of Soshanguve, not just certain places. 'It's a good thing because it's been long-awaited. We have suffered for so long to have proper roads,' said Mahlobo. LISTEN: MMC for Roads and Transport Tlangi Mogale said the metro's effort to address the growing number of potholes has intensified through the repairs schedule across all seven regions. Mogale said inclement weather conditions have also played a huge role in slowing down the progress that had been made, particularly in the previous months. 'We are comforted by the fact that we use the city's asphalt plant, and this has assisted in our war against potholes. 'The plant can produce close to 70 tons of asphalt daily for purposes of eradicating these backlogs,' said Mogale. She said through the planned schedules in various regions, the metro has managed to identify areas that require improvement and has now included a monitoring team to conduct quality assurance and assess the quality of work that gets done by the teams. Ba Street committee🇿🇦❤️. Baagi ba Soshanguve, we have kept our promise please protect your infrastructure and let's work together to do more🙏🏾 — Tlangi Mogale: CoT MMC for Roads&Transport 🇿🇦 (@tlangimich) May 21, 2025 'The city has also taken note of the increasing call to prioritise areas like Van Der Hoff, Nana Sita Street, the Daspoort tunnel, Norman street in Montana, Lebanon intersections in region 1 and all other areas that require urgent attention through this accelerated repair programme. 'The city, though it's service delivery war room resolutions, will also be looking into increasing the amount of asphalt produced per day and equipping the plant with the necessary capacity and support it requires to produce more hot asphalt.' Mogale said the quarry runs on a three-hour shift and only produces 70 tons of asphalt per day, which has proven to be inadequate to cater for all pothole repair needs. 'We understand the ongoing frustrations that residents and motorists have to contend with on a daily basis because of potholes and the inconvenience they bring. 'We aim to resolve the pothole repair backlog and ensure timely and effective means of responding to our road infrastructure decay. The war on potholes due to years of neglect is one that the multiparty coalition is embarking on through a coordinated effort by the roads and transport and regional operations coordination.' Mogale urged residents to report potholes across the city by emailing pothole@ Do you have more information about the story? Please send us an email to bennittb@ or phone us on 083 625 4114. For free breaking and community news, visit Rekord's websites: Rekord East For more news and interesting articles, like Rekord on Facebook, follow us on Twitter or Instagram or TikTok. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Yahoo
21-05-2025
- Business
- Yahoo
Adcock Ingram Holdings Limited (JSE:AIP) stock most popular amongst private equity firms who own 65%, while individual investors hold 18%
The considerable ownership by private equity firms in Adcock Ingram Holdings indicates that they collectively have a greater say in management and business strategy 65% of the company is held by a single shareholder (BB Investment Co. (Pty) Ltd.) 15% of Adcock Ingram Holdings is held by Institutions Our free stock report includes 1 warning sign investors should be aware of before investing in Adcock Ingram Holdings. Read for free now. If you want to know who really controls Adcock Ingram Holdings Limited (JSE:AIP), then you'll have to look at the makeup of its share registry. We can see that private equity firms own the lion's share in the company with 65% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Individual investors, on the other hand, account for 18% of the company's stockholders. Let's take a closer look to see what the different types of shareholders can tell us about Adcock Ingram Holdings. View our latest analysis for Adcock Ingram Holdings Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors have a fair amount of stake in Adcock Ingram Holdings. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Adcock Ingram Holdings, (below). Of course, keep in mind that there are other factors to consider, too. Hedge funds don't have many shares in Adcock Ingram Holdings. Our data shows that BB Investment Co. (Pty) Ltd. is the largest shareholder with 65% of shares outstanding. This implies that they have majority interest control of the future of the company. Meanwhile, the second and third largest shareholders, hold 9.7% and 1.7%, of the shares outstanding, respectively. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. We note our data does not show any board members holding shares, personally. It is unusual not to have at least some personal holdings by board members, so our data might be flawed. A good next step would be to check how much the CEO is paid. The general public, who are usually individual investors, hold a 18% stake in Adcock Ingram Holdings. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Private equity firms hold a 65% stake in Adcock Ingram Holdings. This suggests they can be influential in key policy decisions. Some investors might be encouraged by this, since private equity are sometimes able to encourage strategies that help the market see the value in the company. Alternatively, those holders might be exiting the investment after taking it public. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For example, we've discovered 1 warning sign for Adcock Ingram Holdings that you should be aware of before investing here. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-04-2025
- Business
- Yahoo
Santam Ltd (JSE:SNT) is largely controlled by institutional shareholders who own 82% of the company
Given the large stake in the stock by institutions, Santam's stock price might be vulnerable to their trading decisions Sanlam Investment Management (Pty) Ltd. owns 66% of the company Insiders have been selling lately AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. A look at the shareholders of Santam Ltd (JSE:SNT) can tell us which group is most powerful. With 82% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. In the chart below, we zoom in on the different ownership groups of Santam. View our latest analysis for Santam Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Santam already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Santam's historic earnings and revenue below, but keep in mind there's always more to the story. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Santam is not owned by hedge funds. Sanlam Investment Management (Pty) Ltd. is currently the company's largest shareholder with 66% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. With 5.2% and 4.4% of the shares outstanding respectively, Public Investment Corporation Limited and Ninety One UK Limited are the second and third largest shareholders. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our information suggests that Santam Ltd insiders own under 1% of the company. Keep in mind that it's a big company, and the insiders own R50m worth of shares. The absolute value might be more important than the proportional share. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling. With a 18% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Santam. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Santam you should know about. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts . NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
