Illovo stakeholders favour a takeover by the UK's ABF – Business Report
More than half of Illovo Sugar minority shareholders are in favour of a takeover by Associated British Foods (ABF), the world’s biggest sugar producer, in a R5.6 billion deal that is a boost for investor confidence in SA and the continent. Dirk van Vlaanderen comments.
Anglo American results dismay – Business Report
Global diversified mining group Anglo American tumbled as much as 8.26 percent on the JSE yesterday before recovering following news that production across most commodities had declined in the March quarter, as well as criticism of its chief executive’s salary. Abdul Davids comments.
Bidvest names its new food spin off – Business Day
Bidvest intends calling its new food-service business, which is to be listed at the start of business on May 30, Bidcorp. In a circular posted to share-holders, it said that the name required the approval of at least 75% of shareholders at a general meeting. This would be held in Johannesburg around May 16. The […]
Clover: more defensive, less cyclical – Moneyweb
In ten years, Clover has transformed from a sleepy dairy business into a competitive branded business that is more defensive and less cyclical than most investors realise. While investors are still coming to grips with the fact that margins were not severely affected by the drought or last year’s milk surplus, it is about to […]
