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JSE cheers historic SABMiller deal

Oct 13 2015 10:08

SABMiller has shot up by almost 11% to R811 on the JSE after it was announced that Anheuser-Busch InBev has agreed to buy the brewer for R1.4trn.


Driverless cars to 'upend' insurance industry

Oct 13 2015 10:28

Autonomous car technology is set to upend insurance companies who will have to re-invent their business models, say industry sources.


Chamber urges NUM to accept new wage offer

Oct 13 2015 09:34

The Chamber of Mines is expecting feedback on its latest wage offer today and has urged NUM to consider the impact of "unrealistic" wage hikes on jobs in the coal sector.


Rand stumbles as China imports tank, stocks down

Oct 13 2015 10:14

The rand has slipped as a sharp fall in Chinese imports increased concerns over the shape of the global economy, denting the appeal of emerging market assets.


BREAKING: AB InBev buys SABMiller for R1.4trn in record deal

Oct 13 2015 08:18

Anheuser-Busch InBev has agreed to buy SABMiller for R1.4trn, clinching a record deal that brings one out of every three beers sold worldwide under a single company.


Muthambi stands ground on digital migration

Oct 13 2015 09:25

The Minister of Communications has denied reports that the ruling ANC has discussed a reversal of South Africa’s digital migration policy.


SA seen in 7-year slouch as IMF cuts growth view

Oct 13 2015 06:42

If economic growth in South Africa this year is bad news, 2016 is set to be even worse, according to the International Monetary Fund.


US probes AB InBev over craft beer allegations

Oct 13 2015 07:42

The US is probing whether AB InBev, SABMiller's takeover bidder, is seeking to curb competition in the US beer market by buying distributors.


In other news

Germany energy stocks soar on nuclear pull-out study

23 minutes ago

Shares in energy giants E.ON and RWE have shot higher on the Frankfurt stock exchange, a study has suggested the two firms are going to be able to buffer a downturn.

European shares fall, SABMiller soars on AB InBev deal

53 minutes ago

European shares have opened slightly lower, following losses in Asia overnight, although SABMiller soared after accepting a £68bn takeover proposal.

Pound climbs as AB InBev agrees to buy SABMiller

Oct 13 2015 09:45

The pound has advanced to the highest level in three weeks against the dollar as Anheuser-Busch InBev NV agreed to buy SABMiller for about £68bn.

Pragmatic Tsipras postpones Greek revolution

Oct 13 2015 09:25

Greek Prime Minister Alexis Tsipras needs to drop more ideological ballast and provide long-term vision and skill to meet the challenge of economic transformation.

Dollar rises against emerging currencies after China data

Oct 13 2015 07:37

The dollar has rallied against emerging currencies in Asia as Chinese trade data showing an import slump fuelled anxiety about slower growth.

Hong Kong, Shanghai stocks dip at open

Oct 13 2015 07:32

Hong Kong and Shanghai shares have slipped in the opening exchanges following recent healthy gains, while energy firms were hit by a hefty fall in oil prices.

US stocks end higher, keeping alive positive momentum

Oct 13 2015 07:29

US stocks have finished higher, keeping alive the positive momentum from last week's rally despite weakness in petroleum-linked shares.

Oil rebounds in Asia

Oct 13 2015 07:26

Oil has rebounded in Asia on bargain hunting following a sharp fall the day before as lingering fears about the global crude supply glut continued to keep a lid on gains.

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  • Winners
  • Losers
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
SAB Sabmiller PlcR808.21R76.2110.41%
PIK Pick N Pay Stores LimitedR63.11R1.963.21%
HCI Hosken Consolidated Inves...R141.75R2.751.98%
COH Curro Holdings LimitedR37.94R0.641.72%
PWK Pick N Pay Holdings Limit...R26.93R0.411.55%
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
TKG Telkom Sa Soc LimitedR70.64R-3.26-4.41%
GLN Glencore PlcR23.92R-1.08-4.32%
S32 South32 LimitedR14.56R-0.48-3.19%
IMP Impala Platinum Holdings ...R46.52R-1.48-3.08%
ANG Anglogold Ashanti LimitedR125.96R-3.88-2.99%
All JSE data is delayed by at least 15 minutes and provided by INET BFA



SA to struggle with low growth going forward

Oct 13 2015 09:00

South Africa's economy experienced negative growth in the second quarter and low growth is projected for the remainder of the year. But there are still areas of opportunities.


Company Snapshot

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With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

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