The group says business growth is planned in Capital Alliance Life and given more favourable investment markets, real growth in attributable income is projected for 2000. BAT SA VOTE Shareholders in tobacco company BAT SA must vote on Friday on whether or not they wish to receive R120 per BAT share held in terms of a scheme of arrangement. The scheme follows the global merger of British American Tobacco and Rothmans International, which was completed on June 7. The deal covers Performateq operations nationwide, and creates one of southern Africa's largest support and service operations.
Groves stays on as a non-executive director and consultant.
Brait said on Monday its unit trust operation had signed a joint venture agreement with IPAC, an Australian-based international investment research and personal client portfolio management company. The name of the Edgars holding company, Edgars Stores, changed on Monday to Edgars Consolidated Stores Ltd to eliminate confusion between the store chain and the holding company. Last week we reported venture capital-listed Oxbridge traded at high of R11.25 a year ago. In fact, this was the price of Bivec, which became the subject of a reverse takeover by Oxbridge. Oxbridge announced the takeover in January, at which stage the share price was 50c.