Pursuant to Vukile’s participation in an accelerated equity book build undertaken by Atlantic Leaf Properties Limited on 13 September 2017, Vukile was allocated 23 152 709 Atlantic Leaf shares at a subscription price of R17,60 per share (GBP1.015). The ABO subscription shares were issued and delivered to Vukile, on a delivery-versus-payment basis, on Wednesday, 20 September 2017. Against transfer of the ABO subscription shares to Vukile, Vukile’s aggregate shareholding in Atlantic Leaf has increased to 65 951 117 ALP shares constituting 34.9% of the enlarged issued share capital of Atlantic Leaf. The transfer to Vukile of the ABO subscription shares have accordingly resulted in Vukile’s shareholding in Atlantic Leaf exceeding 30% of all voting shares in Atlantic Leaf.

Click here to read the announcement in PDF

14 September 2017 - Andy Brauer has joined Encha Group as Chief Technology Officer. Brauer brings a wealth of experience to Encha’s growing range of activities. The appointment of Brauer is in line with the company’s strategy to attract partners who are subject-matter domain experts with relevant industry-specific experience and capabilities.

According to Encha’s founder and Executive Chairman, Tiego Moseneke, Brauer brings along a vast experience in the digital engineering technology space, spreading through an array of sectors from banking to sustainable energy. He previously served as Chief Technology Officer for Huawei Africa and Business Connexion.

By Hanna Zidy: Investment Writer


This article appeared in the Business Day of 21 June 2017, page 9 of COMPANIES AND MARKETS

Alliances between banks and financial technology (fintech) companies will continue to mushroom, as fintechs look to scale using bank balance sheets, while banks race to remain competitive in a digital world, says tech group Cisco.

Click on the link to open the online article on BusinessLive: https://www.businesslive.co.za/bd/companies/financial-services/2017-06-21-how-banks-are-moving-to-a-digital-future/