706
O&J, please go away. You are steadily nearing my turf, somewhere between 70 to 250.
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ABL is in a strong down trend boet. Buy now and you will join this momentum downwards. Perhaps there is some news out that I know nothing about.He is only doing what Coronation is doing - buying ABL Why Coronation swapped FirstRand for Abil.
Slowing growth at Anheuser-Busch InBev NV (ABI) and a dearth of big takeover targets may finally drive the world’s biggest brewer to swallow its $79 billion rival, SABMiller Plc.
After AB InBev boosted revenue more than fivefold in the last 10 years with the help of $91 billion of acquisitions, growth for the maker of Budweiser and Stella Artois is forecast to slow over the next decade, according to analysts’ estimates compiled by Bloomberg. Tapping into SABMiller’s presence in faster-expanding regions such as Africa would allow AB InBev to get that growth flowing again, shareholders Alpine Woods Capital Investors LLC and Henderson Global Investors said.
SABMiller Chief Executive Officer Alan Clark told Bloomberg News in January that the case could be made for a tie-up, even though it would likely require divesting some U.S. operations to appease regulators. Sanford C. Bernstein & Co., which dubbed an AB InBev-SABMiller combination “MegaBrew,” estimates it would have almost half the global beer profit pool. The deal would increase earnings at AB InBev immediately if it paid a 30 percent premium for SABMiller in cash, data compiled by Bloomberg show. Cost cuts could drive profit even higher.
Signage is seen through the window of the Anheuser-Busch InBev NV Fairfield brewery in... Read More
“It’s such an obvious next -- and indeed last -- big move by the very acquisitive AB InBev,” said Matthew Beesley, head of global equities at London-based Henderson Global Investors, which oversees $125 billion, including shares of AB InBev. “There’s also clearly some strategic rationale to the deal, neatly filling all the geographic holes AB InBev talks of wanting to fill.”
South African investors who are smiling all the way to the bank with the JSE All Share Index continuously hitting new highs, may want to keep an eye on Chinese policy makers who recently started moves to weaken their currency. This may be the first step in the bursting of the equity bubble and the start of a slow-down in China which will directly impact South African companies and their profits.
That is an alarmist blog. Read the others like Fin24. This is purely for land restitution for people that were "kicked off" their land. Pravin Gordon did say that compensation will be paid but the diffs is that now that this will be escalated to a higher priority.No, the article is about the proposed Investment Bill - nothing to do with land restitution. Besides Anthea Jeffry is a respected source.
A new Expropriation Bill by another name
Media coverage of the Promotion and Protection of In- vestment Bill of 2013 (the Investment Bill) has focused on its role in replacing South Africa's bilateral investment treaties with various European states. Representatives of these countries have broken their usual diplomatic silence to warn against the reduced protection it gives investors from their states. However, the true significance of the Bill goes very much beyond this.
The Investment Bill is, in fact, a new expropriation measure that will apply to all property owners in South Africa, both local and foreign. It is also likely to result in many people receiving zero compensation on the loss of their property, provided the State takes this, not as owner, but rather as ‘custodian' for the disadvantaged. In combination with the Restitution of Land Rights Amendment Bill of 2013, it could see property of many kinds taken by the State as ‘custodian' for land claim- ants and without any compensation to its former owners. Yet most commentary on the Investment Bill has overlooked this risk, helping to lull all property owners into a false sense of security.
The Bill's reference to ‘investors' is also misleading, for it suggests that the new law will apply solely to companies and other commercial enterprises. In fact, the Investment Bill will apply to everyone, including ‘natural persons' and ‘regardless of nationality'.
Any black or white South African who owns a home, a car, or unit trusts is vulnerable to the Investment Bill's provisions. So, too, are enterprises of every size and in every sector of the economy, from mining to agriculture, banking, manufacturing, and services.
Once the Investment Bill is in place, the current Expropriation Act is likely to be overtaken or repealed. The Government, which has encountered stiff resistance to its draft expropriation bills of 2008 and 2013, will also have no further need to try and push a replacement expropriation law through Parliament.
Instead, all South Africans will find that their rights on expropriation are already governed by the rules laid down in the Investment Bill. And this, of course, will give the State the power to take measures to acquire property of virtually any kind as ‘custodian' for the poor - and without the need to pay any compensation.