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Dubai Finance Firm Pursues Johannesburg Exchange Listing Via South African Reverse Merger

Averi Finance, a Dubai-based company, is negotiating a reverse takeover of Mantengu Ltd., a South African mining firm. The deal would secure an Averi listing on the Johannesburg Stock Exchange, marking a significant cross-border capital markets move. Reverse merger mechanisms provide an alternative to direct listing procedures. The transaction reflects broader investor interest in African assets. Bisedge Logistics & Infrastructure separately announced a $20 million investment from Metier Private Equity in May, demonstrating investor appetite for African transportation infrastructure. Mining-focused investments continue reshaping southern African supply chains as formalization efforts expand across commodity sectors.