Global

Suntory seeks to consolidate on Nigerian acquisition
Global

Suntory seeks to consolidate on Nigerian acquisition

Leading Japanese soft drink maker, Suntory Beverages and Foods said it is looking at gaining more traction from its Nigerian acquisition. On September 30th, 2016, Suntory had completed its acquisition of GlaxoSmithKline’s bottled drinks segment. The group noted in its 2016 full year result released recently that “the Group will […]

IPG reports 34% growth in net revenue for 2016
Global

IPG reports 34% growth in net revenue for 2016

The Interpublic Group of Companies, IPG, the world’s fourth largest advertising group said in its full year report that it made USD604 million in net income. On a year on year basis, IPG’s net revenue saw a 34% year on year growth. On the topline, consolidated revenue grew to USD$7,8 […]

Hermanus Lambertus joins FirstRand
JSE SENS

Hermanus Lambertus joins FirstRand

The largest financial services group in Africa, FirstRand has announced the appointment of Mr Hermanus Lambertus Bosman as a non-executive director of the group. His appointment cuts across FirstRand and its wholly-owned subsidiary, FirstRand Bank Limited. The group said in an email statement that the Office of the Registrar of […]

Liska Schutte resigns from Visual International
JSE SENS

Liska Schutte resigns from Visual International

Visual International has announced the resignation Liska Schutte has resigned as Financial Director of Visual with effect from 10 April 2017. The company said Liska will continue to provide outsource services to Visual until further notice, including the finalisation of the audited results for the year ended 28 February 2017. […]

ABInBev completes the sale of Distell Group
Global

ABInBev completes the sale of Distell Group

Anheuser-Busch InBev has completed the sale of Distell Group the Public Investment Corporation (SOC) Limited AB InBev announced the disposal in an email statement disclosing that the sale of the unit was required as a condition of the South African Competition Tribunal’s approval on 30.June 2016 of the business combination […]

Fitch downgrades South Africa’s Eskom
Global

Fitch downgrades South Africa’s Eskom

Another South African company has come under fire from Fitch Ratings. This time around, Eskom, the country’s struggling power provider has been downgraded. Fitch Ratings said in its statement that it has downgraded Eskom’s Long-term local currency Issuer Default Rating (IDR) and the Senior unsecured local currency rating to ‘BB+’ […]