Pot and beer may seem like a sure-fire way to get high. But in the case of Constellation Brands, its bet on Canadian cannabis farmer Canopy Growth is leaving investors with an enormous downer.
The US-based brewer of Corona beer is slashing the fair value of its 38% stake in Canopy for the second time in 2019. It said it was taking a $839m charge for the weed producer. This follows the $828m reduction Constellation disclosed during its first-quarter earnings in June.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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KEVIN MCCALLUM: The day the long shot came inKEVIN MCCALLUM: The day the long shot came in 🔒
Source: BDliveSA - 🏆 12. / 63 Read more »
De Beers data confirms diamonds having one of their worst yearsDemand for rough diamonds continues to plunge, with the crisis largely stemming from an oversupply of polished gems Please give De Beers our notice.... Our data confirms that we (owners) have had one of our worse 300yrs plus! The feeling is certainly not mutual!
Source: BDliveSA - 🏆 12. / 63 Read more »
KHAYA GOBODO: Why and how passive investors become active ownersInvestors and their beneficiaries are increasingly mindful of how and where their money is being invested, writes Khaya Gobodo Interesting perspectives. No investment is risk-free.
Source: BDliveSA - 🏆 12. / 63 Read more »
Record-high claims for service delivery protests push Sasria to first lossState-owned insurer is hit by the highest claim numbers in its 40-year history This is important Anarchy prevails. How could/can the ANC be so blind? They aren’t paying their service providers though. I have claims outstanding from 2017 still that hasn’t been paid. I stopped working for them for 6 months because of non payment. Then they paid a bit and have now stopped again. Will have to stop doing their claims again.
Source: BDliveSA - 🏆 12. / 63 Read more »
YouTubeYouTube Very welcome. Kids are bored at school and leaving as a result. This should allow them to work at their own pace and presumably the teachers and material will be top class.
Source: SABC News Online - 🏆 32. / 51 Read more »
New social grant system hurts the elderly, study findsEvery month an elderly woman called Nanna (surname withheld) pays R70 to have a taxi drive her around the mountain from Genadendal to Caledon before standing in a queue for upwards of two hours to collect her South African Social Security Agency (SASSA) social grant. They spent too much time fighting over which blesser (CPA) gets what that they forgot the little details that make the process simple and easy for our elderly people. Shame on GovernmentZA So was CPS a better system?
Source: TimesLIVE - 🏆 28. / 59 Read more »