On The Money - In Brief

Mergers, Acquisitions and Financial Results

- SA investment trust Eureka Industrial’s latest full-year results have been hit hard by a R13 million write-down of a loan to IT group MGX Holdings.

- Small-cap South African technology company Beget Holdings has placed 22.,4million new shares with private investors at just 12c each to help it pay for an acquisition and to bump up working capital.