Company Data
| Last traded |
R312.73 |
| Change |
R-1.18 |
| % Change |
-0.38% |
| Cumulative volume |
1.81m |
| Market cap |
R520.50bn |
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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:49
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May 27 2012 11:05
As far as repayments on home loans are concerned, South Africans are in a much more favourable position than their foreign peers.
London - SABMiller [JSE:SAB], the world's second-largest brewer, is considering buying the beer operations of Foster's Group, Australia's biggest brewer, for almost R80bn (£7bn), the Sunday Times reported.
SABMiller is planning to buy Carlton & United Breweries, the beer making part of Foster's, the paper said.
A spokesperson for SABMIller declined to comment.
Foster's could attract takeover bids of up to $10bn from suitors including SABMiller and Japan's Asahi Breweries, after a long-awaited decision to split off its struggling wine business, Reuters reported in June.
Carlton & United Breweries, run by former navy weapons' engineer John Pollaers, generates around 85% of Foster's group earnings and has a profit margin of 38.5%.
SABMiller, the maker of Peroni and Miller Lite, gets about 85% of its profits from the emerging markets of Latin America, Africa and Asia.