The Markets

HARARE (Capital Markets in Africa) – Zimbabwe’s proposals to compel miners to list the majority of their shares on the local exchange will strangle companies’ ability to invest and grow, according to the country’s biggest producer of platinum. Impala Platinum Holdings Ltd. sees little interest in a listing among local investors, said Johan Theron, a spokesman for the Johannesburg-based company whose Zimplats unit is Zimbabwe’s biggest platinum producer. Investors in the country can already trade Zimplats…

JOHANNESBURG (Capital Markets in Africa) – Murray & Roberts Holdings Ltd. sees a fair value for the South African engineering and construction company at as much 9.8 billion rand ($821 million), setting a price tag for Germany’s Helmig family after rejecting an offer last week. After reviewing an independent report by BDO Corporate Finance Proprietary Ltd., Johannesburg-based Murray & Roberts values the company at between 20 rand and 22 rand a share, it said in…

JOHANNESBURG (Capital Markets in Africa) – Consol Holdings Ltd., the glass-packaging maker that last traded on Johannesburg’s bourse more than a decade ago, said it’s plotting a return and is seeking to raise 2.7 billion rand ($227 million). Consol delisted in 2007 after a group of private-equity investors led byBrait SE took it private. Consol’s return, mooted for at least three years, previously faced uncertainty amid South African political turmoil and slowing economy. Under new President Cyril…

HARARE (Capital Markets in Africa) – Zimbabwe wants mining companies operating in the country to list the majority of their shares on the local exchange, stirring uncertainty among investors as the nation with the world’s biggest platinum reserves after South Africa tries to bring in money to fix the economy. “No mining right or title shall be granted or issued to a public company unless the majority of its shares are listed on a securities…

ACCRA (Capital Markets in Africa) – MTN Group Ltd.’s Ghanaian unit lifted its target for an upcoming initial public offering by more than a half to 3.48 billion cedis ($787 million), according to two people familiar with the matter. Africa’s biggest mobile-phone company by subscribers is preparing to list a 35 percent stake in its Ghanaian business on the local stock exchange, valuing the unit at about $2.2 billion. While the bourse estimated the value…