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Botswana Guardian
Friday, 30 July 2021
Players in the alcohol sector have once more asked government to prove beyond reasonable doubt that the current surge in COVID-19 cases in the country has any direct link to alcohol usage.
Last month, government moved to prohibit the sale of alcohol in the country, arguing the consumption of alcohol was the major reason cases of Corona Virus were on the rise. Kgalagadi Breweries Limited, the country’s biggest producer of clear and opaque beers has since taken government to court, calling for the ban on alcohol to be lifted as there is no evidence which suggests that the sector’s operation has fueled rising Covid -19 cases. KBL has since taken government to court on an urgent basis, calling for the ban to be lifted and allow the sector to trade again.
Anglo American plc ( Anglo American ) announces its intention to return an additional $2 billion to its shareholders through: (i) an on-market irrevocable and non-discretionary share buyback programme of $1 billion (the Buyback Programme ); and (ii) a special dividend of $0.80 per ordinary share, equal to $1 billion (the Special Dividend ). Mark Cutifani, Chief Executive of Anglo American, said: We entered this period of strong demand and prices for many of our products with a strong balance sheet and we are therefore in a position to deliver both the investment in our sequence of margin-enhancing growth projects and also return excess cash to our shareholders. Today s additional return of $2 billion demonstrates our applied capital discipline and the Board s confidence in the business.