Koninklijke Grolsch Nv

JSE recovers as miners get boost

The JSE was firmer by midday on Tuesday as a weaker United States dollar helped precious metals boost mining stocks on the bourse. By noon, the broader all-share index was 0,57% better, led by a 1,74% climb in the gold-mining index. The platinum-mining index gained 1,4% and resources added 1,17%.

Positive US futures help JSE recover

An indication from positive United States futures that a battered Wall Street could open firmer on Monday, led to a slight recovery on the JSE by noon. The JSE was down over 1,5% in the morning session on concerns that the US market could go into a recession after job numbers came out worse than expected on Friday.

SABMiller’s offer for Grolsch opens on Tuesday

The acceptance period for global brewing giant SABMiller's offer for Dutch brewer Koninklijke Grolsch NV (Grolsch) commences at 9am, Amsterdam time on January 8 and will end at 3pm Amsterdam time on February 5, unless extended, the company said on Monday.

JSE dips further into the red

The JSE was lower at midday on Tuesday, playing catch-up after the public holiday on Monday when there was weakness in global equity markets. By 12.04pm, the JSE's all-share index had pulled back 2,38%. The gold mining index fell 3,31%, resources lost 3,21% and the platinum mining index gave up 3,16%.

SAB, Grolsch seek approval for deal

Global brewing giant SABMiller (SAB) and Koninklijke Grolsch NV said on Tuesday that they will submit a request for approval of the offer memorandum in respect of the SABMiller offer for Grolsch to the Dutch authority for the financial markets this week.

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