The uMkhonto we Sizwe (MK) says it will form a human barrier around Jacob Zuma, who is expected to be arrested and taken to jail if he does not hand himself in.
Candy Androliakos developed a range of disposable sanitary products – from pineapple fibre – after she was asked to come up with a cost-effective solution.
The South African Breweries (SAB) today announced the creation of their new R5.4bn broad-based BEE ownership scheme, SAB Zenzele Kabili.
China Resources will soon ask investment banks to pitch for a role advising on options for its Chinese brewery joint venture with SABMiller.
South Africa’s favourite stockbroker, David Shapiro of Sasfin, came to the Biznews.com studio today to talk about stock market booms and his favourite shares. Â The result as always, was entertaining and insightful. In the short video below, South Africa’s favourite stockbroker explains why he is excited about prospects for share prices this year. His logic … Read more
Don’t be lulled by Thanksgiving. There is still a lot going on in our own market.
SOWETO South Africa (Reuters) – At just 30,000 litres a month, Ndumiso Madlala’s brewery produces as much beer as his biggest rival PUMPS out every six minutes. But that may be just enough to cause ripples in SABMiller’s long domination of the South African beer market.
Poor summer weather in China hit SABMiller’s lager sales in the second quarter, though higher prices and a jump in soft drink sales helped boost revenues at the world’s second biggest beer maker.
The seasonally adjusted Kagiso Purchasing Manager’s Index fell to 44.3 index points in May from 47.4 in April. The PMI is made up of a number of indices, these indices refer to business activity, employment, new sales orders, prices and expected business activity. When the PMI is above 50 it indicates a healthy, expanding manufacturing industry … Read more
South African-born SABMiller released a trading statement this morning ahead of finalising full year results to end March. Volumes continue to grow in low single digits and the strength of the US dollar, its reporting currency, is set to hit the bottom line. Deep value investors Re:CM won’t be paying much attention. In our CNBC Africa Power Lunch interview today, … Read more