DIRECTOR DEALS IN RESILIENT PROPERTY SHARES - SENS

Desmond de Beer, the part owner of OPTIMPROP 3, the entity which entered into the transaction buying unity links at 12,500 at R21.00 each totalling the transaction to R262,500.00.

BEIGE NON-EXEC RESIGNS - SENS

Michael Frits ten Hope has elected to resign as a non-executive director of the company with immediate effect.

DISTELL YOUNGER BRANDS GIVE IT THE NECESSARY BOOST - Marc Hasenfuss

DISTELL'S younger brands in the cider and ready-to-drink (RTD) categories helped the liquor group shrug off a spending hangover in the later parts of its financial year to end June 2008. DISTELL'S local sales volumes increased 4% thanks mainly to a spirited showing from cider brands like Savanna and Hunter's as well as RTDs like Bacardi Breezer and Esprit. The group's cider and RTD sales volumes were up almost 7%. Spirit volumes increased 2.1% thanks to growth in liqueurs, key brandy brands (Richelieu and Klipdrift), and whiskies. DISTELL held its own in volume sales with the improved trading margin of 14.2% from 13.6%, which helped turn a 15% gain in turnover to R9.5bn into 20% gain in trading profits to R1.3bn.

INVICTA MD TAKES BIGGER CHUCK - Marc Ashton

INVICTA managing director Arnold Goldstone has taken a massive vote of confidence in the company, buying R30.5m in INVICTA single-stock futures. This move dwarfs the R7.3m he bought in July. According to the Stock Exchange News Service (Sens), Goldstone purchased a tranche of 1.3m single-stock futures (SSFs) in INVICTA HOLDINGS, on August 15 at a price of R23.50 a share, the equivalent of R30.5m. Since entering the position, the underlying price in INVICTA has risen to R25 and there's not a seller in sight until R27.

GOLD REEF REVISES ON SHARE OPTIONS - Ann Croty

GOLD REEF RESORTS has announced that it has cancelled all plans to award millions of share options to its executive directors. The company announcement just came days within of the release of the circular which indicated the company's intentions. The 4 million share option would have been awarded at 2c each to top level management, including four executive managers.

URANIUM ONE TO DISCLOSE NEW BUDGET IN DUE TIME - David McKay

URANIUM ONE hopes to draw a line under its operational woes from November when it would disclose fresh capital expenditure plans as well as an update on the development of its Dominion mine, said newly appointed CEO, Jean Nortier. "We've not disclosed our capital planning because we don't want to disappoint the market," Nortier said. "We hope to have more details by the end of the fourth quarter, certainly before November 5." URANIUM ONE missed several production targets at its South African mine, Dominion which ultimately resulted in the resignation of company founder, Neal Froneman. During that time, Uranium One's share price was in free-fall. Its shares are now about 70% off its 52-week high of R91.80 per share. Nortier said the company's shares had performed the worst of its peer group. It was last trading at R27.11 per share. Forecast production from Dominion has now been dropped to 320 000 pounds of uranium oxide (lb of U3O8) from the previous estimate of 590 000 lbs in March.

DIDATA SHARES FLUCTUATE AFTER ANNOUNCEMENT - Lesley Stones

DIDATA shares ranged between 726c and 750c yesterday after the company issued a trading update promising a strong financial performance when it issues its end year results. The group said it continued to experience continuing demand for its technology equipment and services.

DE BEER RESIGNS FROM CREDIT U - SENS

Christiaan de Beer has resigned as a director of the board of directors of the company with effect from today.

PARACON TO SPEND R72.2M ON BUYBACK - Belinda Anderson

Information and communications technology staffing company PARACON will spend R72.2m on a two-pronged share buyback that will enhance earnings per share as well as help black economic empowerment (BEE) partner WDB INVESTMENT HOLDINGS pay down its debt. PARACON CEO Mark Jurgens said the buybacks represented a huge vote of confidence in the company when looked at against the backdrop of other potential acquisitions. It was buying something that it knew well and had confidence in its prospects. Jurgens said there was still "substantial" cash in the bank to fund other acquisitions should any opportunities come along. WDB will sell 32.3m of its 99,3m shares back to PARACON at 135c a share - a 17.7% discount to the average price 30 days before the agreement was reached - giving it a near 20% unencumbered stake in the company.

AMBIT PROPERTIES CALLS FOR CAUTION - SENS

AMBIT has issued a further cautionary statement from the 9th of July 2008. The company has said it is involved in negotiations which could have a material effect on the unit price of AMBIT'S securities.

AMBIT PROPERTIES CALLS FOR CAUTION - SENS

AMBIT has issued a further cautionary statement from the 9th of July 2008. the company has said it is involved in negotiations which could have a material effect on the unit price of AMBIT'S securities.

OLD MUTUAL PURCHASES PART OF REAL PEOPLE - Sure Kamhunga

OLD MUTUAL has bought a stake of more than 25% in credit management services group REAL PEOPLE. The company bought the stake on behalf of their clients and has also made arrangements for two facilities worth R555m to expand its business.