Michael Treherne News Today

Nigeria’s dollar bonds have been among the world’s top performers in the past year, with a 25% return, as investors buy into major reforms in Africa’s biggest economy.

(Bloomberg) -- As Nigeria and South Africa prepare to face off in an African football semi-final on Wednesday, there’s no contest for who’s already won in the bond market.Most Read from BloombergChina Replaces Top Markets Regulator as Xi Tries to End RoutHaley Loses Nevada Primary to ‘None of These Candidates’ OptionTesla Asks Which Jobs Are Critical, Stoking Layoff FearsTrump Denied Immunity in DC Election Case by Appeals CourtUS Commercial Real Estate Contagion Is N...

South African Breweries, the local unit of global brewing giant Anheuser-Busch InBev, has embarked on a retrenchment process at its local operations

Walmart-owned group would be better off selling the underperforming unit and focusing instead on its more profitable Marko business, analysts say

TymeBank, controlled by Patrice Motsepe’s African Rainbow Capital (ARC) and which this week received the backing of Chinese internet giant Tencent as a funder and new shareholder, has ambitious plans for SA, setting its sights on becoming the country’s no three or four retail bank in the next five years.

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.

Piet Mouton adds voice to growing criticism of the proposed legislation, saying it falls well short of its intention to 'improve the ease of doing business'

Bernie Madoff, king of Ponzi schemes, dies in prison aged 82 14 April 2021 7:05 PM Share This: What lessons can South Africans learn from the Madoff disaster? Bruce Whitfield interviews Vestacts Michael Treherne. Hes probably the worlds most infamous Ponzi schemer. Now Bernie Madoff has died at the age of 82. His end came in the medical centre of a prison in North Carolina, where he was serving a 150-year jail term. Madoff had been tripped up during the global financial crisis and was sentenc...

The government has banned the sale of alcohol three times since a national lockdown was announced in late March 2020. SAB has also cancelled R5bn in investments as a result of the bans, and the pandemic has seen all employees’ salaries cut by 10%, which will continue until the end of 2021. Lisa said no retrenchments have been made as yet. Competitor Heineken, which makes brands such as Amstel and Windhoek, has cut its staff of 1,000 by 7%, it was reported this week. Lisa said the decision to ...