Categories
· Business (Tobacco)
non-USA, by Country
· South Africa
Organizations
· BAT
· Richemont
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Jump to full article: Reuters, 2008-11-13
Intro: British American Tobacco (BAT) will be dropped from the JSE Top-40 Index of blue-chips from Nov 17, the Johannesburg Securities Exchange said on Thursday.
"The reason for that is BAT is an inward foreign listing classified by the reserve bank. So, as such we don't include it in the indexes," Jannie lmmelman, JSE's general manager for information systems, told Reuters.
"However to make sure that portfoilio managers can balance to their portfolios we included BAT for a short period until Reinet rights (issue) have been soughted out."
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