Distell restructuring yea or nay expected this week
The Takeover Special Committee has heard arguments for and against its decision to grant Remgro a waiver Source: Distell restructuring yea or nay expected this week
Distell positioned for acquisitions
The pending collapse of the Distell control structure should help the drinks company to enjoy the sort of rating analysts and shareholders say has eluded it in recent years. Source: Distell positioned for acquisitions
Remgro sells minority interest in Unilever SA
Investment conglomerate Remgro has agreed to exchange its minority shareholding in Unilever SA for Unilever’s Spreads business in Southern Africa and R4.9bn in cash. Source: Remgro sells minority interest in Unilever SA
Adcock Ingram maintains upward earnings trajectory in FY17
The 2017 financial results of “re-engineered” pharmaceuticals giant Adcock Ingram show continued recovery and positive performance three years after the group embarked on a significant restructure to turn around its fortunes. Source: Adcock Ingram maintains upward earnings trajectory in FY17
Aveng Grinaker-LTA nets Heineken brewery expansion contract
Heineken South Africa has awarded Aveng Grinaker-LTA’s building division a two-phase contract for Project Harvest at the Sedibeng Brewery, in Midvaal, Gauteng. Source: Aveng Grinaker-LTA nets Heineken brewery expansion contract
Pioneer Foods posts lower earnings as external factors weigh in
JSE-listed Pioneer Foods on Monday posted a 56% decrease in headline earnings, to R454-million for the six months ended March 31, owing to a “confluence of various inhibitors”, which contributed to a material decline in its profitability. Source: Pioneer Foods posts lower earnings as external factors weigh in
EU probes Aspen price-hiking allegations
The Aspen share price held up reasonably well on Tuesday after confirmation that the European Commission had launched a Europe-wide investigation into alleged price hiking of critical cancer drugs. Source: EU probes Aspen price-hiking allegations
Shake-up stirs SA beer advertising
AB InBev, SA’s fourth-largest advertiser, has awarded part of its ad account to King James. A key question since the brewer acquired SABMiller has been whether its marketing spend would go up or down Source: Shake-up stirs SA beer advertising
World’s leading cigarette company commits to a smoke-free future in South Africa – Cape Business News
Innovative smoke-free product debuted on local market in AprilIQOS innovative technology heats tobacco without burning, generating a nicotine containing vapour that yields on average less than 10% of the levels of harmful constituents found in cigarette smoke.IQOS is the result of over a decade of research on a range of potentially reduced-risk alternatives to cigarettes [...]
Pioneer mum on nixed deal
There is speculation about the details of a potential deal that did not materialise after SA’s credit rating was downgraded Source: Pioneer mum on nixed deal