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Monday, 9 November 2026
Omnia's pending Solar Group buyout and strong half-year numbers dominated this Market Update, alongside a warning on digital banking after a Paraguayan lender collapsed.
- 18:26
Shareholders approved Solar Group's all-cash buyout of Omnia Holdings with 99.9% support last Friday, and the deal is expected to close next year, after which Omnia will delist from the JSE.
- 18:20
Omnia's first-half profit rose 26% to R1.1 billion across agriculture and mining, with EBITDA up 21% to R1.4 billion, despite farmers delaying buying decisions while they waited for rain.
- 18:30
A Paraguayan digital bank that grew to serve 60% of the adult population was closed suddenly, leaving account holders unable to access their savings or make payments.
- 18:08
NVIDIA shares fell close to 8% after its board opened an investigation into the CEO's relationship with a woman US intelligence believed could be a Chinese spy.
- 18:40
China has extended its suspension of additional rare earth export restrictions until January 2027, easing concerns expressed by global manufacturers.