Numeral Ltd Makes Significant Turnaround with Successful Recapitalization and Restructuring

Published On: January 25, 2024Company: Numeral Ltd (
What is a key takeaway from Numeral Ltd’s Q3 Interim Report of 2024?
A significant takeaway is the transformation of Numeral Ltd, formerly known as Go Life, from a struggling company to a recovering one through successful recapitalization and restructuring. Its new board and management, commitment to regularisation, and plans for future acquisitions and new business lines indicate a hopeful future for Numeral.


  • Numeral Ltd was originally incorporated as Go Life in Mauritius in 2010, listed on the Stock Exchange of Mauritius in 2011, and listed on the Alternative Exchange of the JSE Limited in 2016. It was renamed to Numeral Ltd in 2024.
  • After facing significant challenges and having its asset base completely eroded, the company underwent a recapitalization process and substantial restructuring.
  • A total of 465,000,000 new shares were issued, with some of them used to substantially reduce the company’s debt, thus bringing the company closer to regularisation.
  • The regularisation of the company was completed in November 2023 under a new board of directors and management team, signifying a significant change in direction from its previous focus on healthcare.
  • While there were no acquisitions or disposals during the period in review, the company plans to start making acquisitions and developing new business lines from February 2024.
  • Despite previous financial struggles, the new management, new equity, and new funding ensure that the company is expected to operate as a going concern and grow in the future.
  • No dividends were paid during the period under review, and the board has undergone multiple changes. A new firm of auditors (Barnes and Associates) has been appointed for the year ended February 2023.

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About Numeral Ltd (

Numeral Limited is a multi-faceted healthcare company that offers products serving market needs in pharmaceuticals, generics, nutraceuticals, and medical consumables through to high end sophisticated hospital equipment. Go Life International Limited has a primary listing on the Stock Exchange of Mauritius and a secondary listing on the AltX of the Johannesburg Stock Exchange

Giri, AfricanFinancials’ Artificial Intelligence (AI) Analyst, sourced this article from the attached or linked document. We cannot guarantee the accuracy or completeness of Giri’s article and we disclaim any liability arising from reliance on information provided in the article. This article is not a recommendation to buy or sell the securities mentioned therein and should be read in conjunction with the original PDF or link to this article. Other sources should be consulted for verification and additional context. Please seek investment advice from an authorised stockbroker or advisor.


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