Rand could get huge boost from massive SABMiller “deal of the century” inflows

The rand increased in value on Wednesday due to positive sentiment after SABMiller accepted the takeover bid from AB InBev.

At 4.45pm on Wednesday the rand was at R13.35 from Tuesday’s close of R13.55.

The R1.4 trillion deal – the fifth largest in corporate history – may boost the rand as shareholders will be paid in rand.

Ray White interviewed Michael Keenan, Fixed income and Currency Strategist at Barclays, on The Money Show.

Keenan discussed the impact of the merger on the rand.

Scroll down for quotes from the audio below.

There’s been a lot of positive sentiment surrounding this deal.

Michael Keenan, Fixed income and Currency Strategist at Barclays

A very chunky inflow is possible due to this deal.

Michael Keenan, Fixed income and Currency Strategist at Barclays

I don’t think Government will torpedo this deal. Treasury will welcome the inflow of money.

Michael Keenan, Fixed income and Currency Strategist at Barclays

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This article first appeared on 702 : Rand could get huge boost from massive SABMiller “deal of the century” inflows


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