Newly JSE-listed firm Brainworks, which has extensive Zimbabwe-focused operations, is well positioned to reap benefits from that country’s transformation, says CEO Brett Childs.
Brainworks Limited, which last year became the first Zimbabwean company to list on the main board of the JSE, said on Monday it had decided to dispose of its financial services section.
Brainworks featured in the 'Companies to Inspire Africa 2017: One Year On' Report by London Stock Exchange Group (LSEG) in partnership with AfDB Group, CDC Group and PwC.
Brainworks Limited has raised $8 179 808 following the placement of 9 078 677 Treasury shares to investors.
Brainworks’ underlying businesses have continued to reflect resilience and growth notwithstanding the myriad of challenges the country is facing.
Brainworks Limited on Friday broke new ground after it became the first Zimbabwean company to have a primary listing on the Johannesburg Stock Exchange.
Brainworks Capital is working on a facility with the Reserve Bank of Zimbabwe.
Brainworks is set to make its primary listing on the JSE on October 13 and it is expecting to raise R316.52million by offering 275 23396 ordinary shares.