PIC buys more, boosts its Adcock Ingram stake to over 22%. Final nail for CFR bid?

Any lingering hope which Chilean group CFR entertained in its pursuit of Adcock Ingram surely ended this morning. The largest shareholder, the Public Investment Company, has been quietly accumulating stock. It announced through SENS that its stake in Adcock is now  22.3%, up from 18.9% stated in the pharma company’s most recent annual report.  Today’s announcement … Read more

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Wealth creation: The investment case for Africa

Here’s an article that will put you in a great spending mood for 2014: fortunes are looking up for many businesses around Africa, with abundant opportunities for investors. Investment expert Mike Browne of Seed Investments highlights some major trends that could turbo-charge revenues for companies servicing the growing middle classes beyond South Africa’s borders. Mike … Read more