Advertisement
UK markets close in 3 hours 30 minutes

  • FTSE 100

    8,047.35
    +23.48 (+0.29%)
     

  • FTSE 250

    19,715.05
    +115.66 (+0.59%)
     

  • AIM

    753.56
    +4.38 (+0.58%)
     

  • GBP/EUR

    1.1616
    +0.0027 (+0.23%)
     

  • GBP/USD

    1.2400
    +0.0050 (+0.40%)
     

  • Bitcoin GBP

    53,276.07
    +108.74 (+0.20%)
     

  • CMC Crypto 200

    1,417.93
    +3.17 (+0.22%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CRUDE OIL

    81.29
    -0.61 (-0.74%)
     

  • GOLD FUTURES

    2,316.00
    -30.40 (-1.30%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,046.45
    +185.65 (+1.04%)
     

  • CAC 40

    8,084.19
    +43.83 (+0.55%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

S.Africa's state pension fund says SABMiller "must remain" on Joburg bourse

Reuters - UK Focus

JOHANNESBURG, Oct (HKSE: 3366-OL.HK - news) 1 (Reuters) - The chief executive of South African state-owned pension fund said on Thursday that SABMiller (Amsterdam: MI8.AS - news) must remain listed on the Johannesburg exchange if the brewer gets taken over by Anheuser-Busch InBev.

SABMiller (Xetra: BRW1.DE - news) , with a market capitalization of 1.3 trillion rand ($94.20 billion), is the largest company on the Johannesburg Stock Exchange, accounting for 12 percent of its value.

"SAB is a very important company in the South African economy and it very significant to the JSE. It (Other OTC: ITGL - news) must remain on the JSE," Dan Matjila, CEo of the Public Investment Corporation (PIC), told Reuters.

The PIC, which manages more than 1.6 trillion rand pensions on behalf of civil servants, is the fourth-largest shareholder in SABMiller with a 3.4 percent stake. (Reporting by Tiisetso Motsoeneng; Editing by James Macharia)