Cover Story
Sep 09 2010 00:00
Companies included in the JSE’s Top 40 index earn roughly two-thirds of their annual profits outside South Africa. It’s worth mentioning that astounding statistic since our “big cats” caused quite a stir over recent weeks with various corporate manoeuvrings (real and rumoured), events that raised the profile of those counters on international markets. BHP Billiton quite unexpectedly made a cash offer of close on US$40bn for Potash Corp. In terms of market cap, it’s the world’s largest producer of raw materials for the fertiliser industry. Old Mutual is sitting around the negotiation table with HSBC, apparently the world’s largest bank, which wants to take over Nedbank for $7bn.