يحاول ذهب - حر
Labat Africa sells cannabis healthcare business to CEO and director
November 17, 2025
|The Star
LABAT Africa's share price ended 20% higher on the JSE on Friday after it announced that it is selling its cannabis healthcare sector businesses to its CEO and a director.
LABAT CEO and co-founder Brian van Rooyen.
(SUPPLIED)
Labat had first announced its intention to enter the cannabis industry in November 2019, which at the time was a novel business on the JSE, as cannabis had previously been illegal in South Africa, barring limited medical uses.
The company announced on Friday that All Trading Proprietary, a company beneficially owned by Labat's CEO Brian Van Rooyen, plans to buy all of Labat's cannabis-related subsidiaries and operating divisions.
Earlier this year, the company had announced that it was in talks with All Trading, a related party to the company, regarding the disposal of some of Labat's subsidiaries.
However, on October 23, the company advised that these talks had been terminated, and a "binding agreement" had been entered into with 64P Investments Proprietary for the purchase of all the cannabis-related subsidiaries and operating divisions in the Labat Group.
هذه القصة من طبعة November 17, 2025 من The Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Star
The Star
Inquiry into suspended DPP Andrew Chauke begins in Pretoria
THE Nkabinde inquiry into suspended director of public prosecutions (DPP), Johannesburg Advocate Andrew Chauke, will kick off today in Pretoria, with the National Director of Public Prosecutions, Shamila Batohi, scheduled as the first witness.
2 mins
November 17, 2025
The Star
CMF pulls out of IDT EPWP programme
THE Collen Mashawana Foundation (CMF), an influential humanitarian organisation, has formally withdrawn from the Independent Development Trust's (IDT) Expanded Public Works Programme (EPWP).
2 mins
November 17, 2025
The Star
Survivors recount horror of Free State N8 crash during Premier's visit
PREMIER MaQueen Letsoha-Mathae and MEC for Community Safety, Roads and Transport Jabu Mbalula visited survivors of a devastating multi-vehicle crash on the N8 between Botshabelo and Bloemfontein, hearing firsthand accounts of the horror that unfolded.
1 mins
November 17, 2025
The Star
SA NOT RATTLED BY TRUMP G20 SUMMIT BOYCOTT
US's decision reportedly over allegations of white farmer persecution
3 mins
November 17, 2025
The Star
Concerns grow over Palestinian arrivals in SA
A GROUP of Palestinians arrived at O. R. Tambo International Airport on November 13 on a chartered flight, sparking questions about how they travelled and whether they were forcibly displaced.
2 mins
November 17, 2025
The Star
IRP will reshape SA's coal industry amid modest production gains
SOUTH Africa's Integrated Resource Plan (IRP) 2025 is set to significantly reshape the country's coal industry, the Minerals Council of South Africa has said, even as coal output rose 1.5% in September amid a broader mining recovery.
2 mins
November 17, 2025
The Star
Matlosana fraud case in court as Maserati and Mercedes are seized
SUSPENDED Matlosana Local Municipality chief financial officer (CFO) Mercy Phetla and her co-accused will face fraud, corruption, and money laundering charges after losing three luxury cars worth millions of rand linked to their alleged crimes.
2 mins
November 17, 2025
The Star
Missing Polish tourists found safe after extensive search in Mpumalanga
TWO missing Polish tourists have been found following an extensive search by Mpumalanga police, Hoedspruit farmers and MTPA Rangers.
1 min
November 17, 2025
The Star
South Africa expands nuclear ambitions as it seeks to compete in growing SMR market
SOUTH Africa is accelerating its nuclear energy ambitions as it positions itself to compete with China in the fast-growing African market for nuclear fuel and Small Modular Reactors (SMRS), Minister of Electricity and Energy Kgosientsho Ramokgopa said on Sunday.
2 mins
November 17, 2025
The Star
Nersa approves 6% decrease in Sasol Gas maximum price for Q3 2025/26
THE National Energy Regulator of South Africa (Nersa) has approved an adjustment to Sasol Gas's maximum gas price for the third quarter of the 2025/26 financial year, resulting in a 6% decrease from the previous quarter.
2 mins
November 17, 2025
Listen
Translate
Change font size