Solar Industries bids R21.8bn for Omnia at R134.50 a share
Moneyweb reports that Solar Industries India has agreed to acquire Omnia Holdings for R21,8 billion, offering R134,50 a share. Omnia's earnings rose 21% in the year to March.
The South African Enquirer
Lerato Mokoena
Lerato Mokoena is the Business and Technology Editor and covers the economy, the markets and the technology the country runs on, from the JSE to the grid to the networks in between.
Petrol heads for R29 a litre as mid-month data points to R2,29 hike
Mid-month Central Energy Fund data points to a petrol increase of about R2,29 a litre in October, with inland prices possibly breaching R29. Diesel wholesale prices are projected to climb by more than R2 a litre.
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