![Sasfin set to depart bourse](https://cdn.magzter.com/1605701739/1721165029/articles/8yQgVwnGh1721172092771/SASFIN-SET-TO-DEPART-BOURSE.jpg)
Shareholders will get a 65% premium to the average trading price of last month.
Financial services group Sasfin has announced plans to delist from the JSE, offering minority shareholders R30 a share a 65% premium to the average price of R18.16 over the last 30 days.
The offer will be funded by Wiphold and the Sassoon family investment vehicle Unitas, which will subscribe for shares in the wholly-owned subsidiary Sasfin Wealth.
This will come as a blow to the shrinking JSE, which has seen a steady rush for the exit door in recent years, with the delisting of companies like Royal Bafokeng Platinum, PSG Group, Liberty, Mediclinic, Massmart and Distell.
Bell Equipment also nounced plans for a JSE delisting on Monday.
Sasfin CEO Michael Sassoon said that the minority shareholders get to call the shots on the deal and are being treated fairly in the process. They now have the option of accepting the deal and selling their shares or remaining as minorities in a refocused financial services group.
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Denne historien er fra July 17, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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!['Stellies have nothing to lose'](https://reseuro.magzter.com/100x125/articles/23703/1812773/eyZ-E7OQ01724811338009/STELLIES-HAVE-NOTHING-TO-LOSE.jpg)
'Stellies have nothing to lose'
Stellenbosch head coach Steve Barker believes his side have absolutely nothing to lose, as they bid to take down Mamelodi Sundowns and reach the MTN8 final.
![EBEN: IN OR OUT?](https://reseuro.magzter.com/100x125/articles/23703/1812773/8BDNoHXWH1724811293441/EBEN-IN-OR-OUT.jpg)
EBEN: IN OR OUT?
Amiraculous recovery by the lock could see a change in the team to face the All Blacks.
![Easy victories for Novak, Coco](https://reseuro.magzter.com/100x125/articles/23703/1812773/9h_eJWtng1724811233545/EASY-VICTORIES-FOR-NOVAK-COCO.jpg)
Easy victories for Novak, Coco
Defending champion Novak Djokovic eased into the second round of the US Open with a straight-sets victory over qualifier Radu Albot on Monday as Coco Gauff launched her defence of the women's title with a convincing victory.
![Young Boks show future is bright](https://reseuro.magzter.com/100x125/articles/23703/1812773/x81d5RgDJ1724811169858/YOUNG-BOKS-SHOW-FUTURE-IS-BRIGHT.jpg)
Young Boks show future is bright
The selections of Aphelele Fassi and Sacha Feinberg-Mngomezulu at fullback and flyhalf respectively to face the All Blacks in the Rugby Championship at Ellis Park on Saturday indicate a bright future for the Springboks.
![Veteran powerlifter pushing for more medal glory](https://reseuro.magzter.com/100x125/articles/23703/1812773/0fqEFzZyb1724811108163/VETERAN-POWERLIFTER-PUSHING-FOR-MORE-MEDAL-GLORY.jpg)
Veteran powerlifter pushing for more medal glory
Indonesia's most decorated para powerlifter Ni Nengah Widiasih (right) shouts as she bench presses a heavy weight at her training gym, pushing through a shoulder injury to prepare for her next challenge: winning a third Paralympic medal.
![SA athletes ready to go](https://reseuro.magzter.com/100x125/articles/23703/1812773/wZNrxhJSy1724811052468/SA-ATHLETES-READY-TO-GO.jpg)
SA athletes ready to go
The South African squad have settled in Paris and are ready to go at the Paralympic Games, according to the team's chef de mission, Patience Shikwambana.
![Mngqithi issues a stern warning](https://reseuro.magzter.com/100x125/articles/23703/1812773/p9CnGiyzj1724810994061/MNGQITHI-ISSUES-A-STERN-WARNING.jpg)
Mngqithi issues a stern warning
On the eve of their MTN8 Cup first leg semifinal clash at the Lucas Moripe Stadium, Mamelodi Sun downs coach Manqoba Mngqithi has offered a friendly warning to Stellenbosch FC.
![ADVTech eyes varsity status](https://reseuro.magzter.com/100x125/articles/23703/1812773/mQmK828fR1724810873301/ADVTECH-EYES-VARSITY-STATUS.jpg)
ADVTech eyes varsity status
Some of the group’s colleges offer degrees that are of the same level as those of public universities.
![Bank fuel rewards trump garages](https://reseuro.magzter.com/100x125/articles/23703/1812773/sLlaFXOwq1724810758799/BANK-FUEL-REWARDS-TRUMP-GARAGES.jpg)
Bank fuel rewards trump garages
Tops is 30c per litre from BP Rewards, PnP Smart Shopper cards together.
![Con artist sequestrated](https://reseuro.magzter.com/100x125/articles/23703/1812773/65gbIUxTN1724810657048/CON-ARTIST-SEQUESTRATED.jpg)
Con artist sequestrated
Marketed the sale of fraudulent travel vouchers at big discounts.