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Economy

SA’s Investec plans $139 million share buyback

Date: May 22, 2025

South Africa's (SA) Investec intends to execute a R2.5 billion ($139.2 million) share buyback over the next 12 months, the wealth manager's Chief Executive, Fani Titi, said this Thursday.

The move is aimed at enhancing shareholder value and follows the successful completion of a prior buyback programme that began in November 2023.

During that programme, Investec repurchased roughly 64.7 million shares, equivalent to 6.4% of its issued share capital, at a total cost of R6.8 billion ($379 million).

--Reuters/ChannelAfrica--