Remgro, the Rupert family-controlled investment company, is unbundling its 25% interest in JSE-listed Grindrod to shareholders in line with its stated strategy to move most of its portfolio to unlisted assets.
Bidvest is seeing strong signs of life in the local economy, specifically in private sector infrastructure spending and in the renewable energy sector, a trend it expects to continue for the rest of the year.
Heineken’s more than R40bn tie up with Distell, is seen by the market as a perfect match and a vote of confidence in SA, but how ideal the offer price is for the JSE-listed owner of brands such as Savanna and Hunter’s Dry is, depends on the investment horizons of the shareholders.