VENTURES AFRICA – Sanlam, South Africa’s second biggest life insurer, on Friday said it was poised to acquire 49 percent stake in Malaysian short term insurer Pacific & Orient Insurance (POI) for R814 million ($86.5 million) “All conditions precedent have been met to conclude the acquisition… and the effective date of the transaction is 17 [...]

VENTURES AFRICA – Miners at JSE-listed Anglo American Platinum mine demanded an audience on Friday with President Jacob Zuma to solve the mine labour dispute, saying, otherwise the economy will “come to a stand still.” Joseph Mathunjwa, head of the Association of Mineworkers and Construction Union (AMCU), accused the ruling African National Congress (ANC) party [...]

VENTURES AFRICA – In a rush to seize multi-billion kenyan shillings mining deals, TransCentury, on Friday said it has capitalised civil engineering firm, Civicon Group, with Sh1 billion ($12 million). Nairobi-listed investment holding company disclosed this information in its latest annual report. It said Civicon will spend the money to acquire heavy duty equipment for [...]

VENTURES AFRICA – Nairobi-listed auto dealer, CMC Holdings, on Friday said it had again postponed its annual shareholder meeting meant to hold next Friday, citing the continuing troubles the company is facing. The auto firm last held its annual general meeting a little more than two years ago as shareholder disputes dragged on, leading to [...]