Sunday 2 October 2016

[Sunday Update] Rain and dividends

Hello from a rainy Durban. This week saw some dividend news from Capitec Bank. Shareholders will be pleased with the 20% interim dividend increase (see SENS here).

Other interesting news involves both Remgro and Distell. SAB owns 26% of Distell but has to sell its stake in order to complete a merger with Anheuser-Busch InBev NV. Together they will form the largest brewer in the world. Competition authorities are, of course, not ecstatic about it. They have attached conditions to the deal. One condition is that SAB sells its stake in Distell. Remgro has first right of refusal on SAB's 26%. See this link for more details.

As usual, here is your weekly dividend information:

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