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Pepkor has lashed out at Lewis’s attempt to block its bid to buy the furniture business of retail major Shoprite, warning the Constitutional Court that such a move would have a chilling effect on domestic and offshore investors in South Africa. For its part, Lewis, which is seeking to set aside a Competition Appeal Court ruling that blocked its attempt to use competition law to stop the deal, argues that the transaction will harm consumers. In April, the competition commission recommended the deal to the competition tribunal on condition that jobs would not be lost and the merged business would…

Staff Writer Curro shareholders will receive cash payments for fractional share entitlements arising from the scheme of arrangement linked to the company’s acquisition by the Jannie Mouton Stigting and Curro’s subsequent delisting from the Johannesburg Stock Exchange (JSE). The transaction, previously announced on SENS, resulted in Curro shareholders becoming entitled to shares in Capitec Bank Holdings Limited and PSG Financial Services Limited as consideration.  Where these entitlements resulted in fractional Capitec or PSG Financial Services shares, the fractions were rounded down to the nearest whole share, with the remaining portion settled in cash. In line with JSE Listings Requirements and…

Staff Writer Mukuru has partnered with Travelex to expand cash payout options for remittance customers across South Africa. The partnership adds Travelex as an extra payout channel within the Mukuru network. Customers can now collect cash at Travelex’s 46 branches nationwide, located in high-traffic and accessible areas.  The wider network reduces travel time and improves access to cash. The collaboration operates within South Africa’s Bureau de Change framework, which provides a regulated environment for secure payouts.  Travelex operates under liquidity and compliance standards, with on-site know-your-customer processes in place to support secure transactions. “Mukuru has always focused on creating impactful…