Tag: mercer africa

Alexander Forbes cancels $56 mln plan to buy out shareholder

South African financial services group Alexander Forbes said on Monday a deal to purchase 200.8 million of its own shares from shareholder Mercer Africa for just over 1 billion rand ($56.36 million) was cancelled due to the impact of coronavirus on markets.

ARC set become new majority shareholder at Alexander Forbes

African Rainbow Capital is set to become the new majority shareholder at Alexander Forbes with plans to buy over R1 billion of the pension fund administrator’s shares.
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