| SUNDAY, 9 MARCH 1997
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Nissan's big brother in Japan comes to the rescue
By DON ROBERTSON
AFTER nine months of intensive negotiations, chief Automakers
executive John Newbury has finally persuaded Nissan Japan to
buy a major stake in the group.
Nissan Motor Corporation (NMC) will buy a 50% stake in
Automakers, holding company for Nissan SA, for R360.7-million
by taking 92.5-million Automakers shares up at 390c each.
The deal depends on minority shareholders accepting an offer by
Sankorp, Automakers' largest shareholder, to buy out their
66.6-million shares at 411c and to de-list the company.
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BT TECH
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BT INTERACTIVE
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BT Technology will appear regularly in the main Business Times section on the first Sunday of each month. It will feature local and international, technology news with a strong focus on the internet and its benefits for business.
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You can now interact with Business Times via our new moderated discussion forum.
Submit your comments on the current topic which is:
Since the start of the year there has been an air of confidence in the local economy and the rand and the stock market have rebounded accordingly. But some economists fear this euphoric state may be short lived.
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BUSINESS TIMES POLL
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SPECIAL EVENTS
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Have your say by voting on the current hot topic:
Are South Africa's financial markets due for a correction in 1997?
Yes or
No
Once you have voted, this page will automatically reload and the latest poll results will be displayed.
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Bill Gates, Chairman/CEO of Microsoft
Corporation, was in South Africa from 3-7
March 1997. Business Times had a
one-on-one interview with Mr Gates.
Browsers were invited to submit questions
to Mr Gates which Business Times
put to him during the interview. An audio track of the interview is available online and the text of the interview and answers to the question will be posted to the page during the course of the week.
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GET GRAPH-TING
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CYBERCARDS
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Stock IXCHANGE is Windows software that displays graphs of
shares, unit trusts and other financial instruments. Simply
click on the logo and the relevant graph will
appear. But first you'll need to download Stock IXCHANGE Lite to use this service
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Send an online birthday or postcard to friends and family anywhere in the world - instantly and at no extra cost! Choose the illustration you like, write a personal message, and your aquaintances will receive a little piece of you by e-mail. No more excuses...
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