South Africa

Heineken To Acquire Control of Distell and Namibia Breweries in $4.6 Billion Deal

Kimberly Redmond | |

Dutch beer giant Heineken NV (OTC: HEINY) has struck a deal to acquire Distell Group Holdings Ltd (OTC: DSTZF) and a controlling interest in Namibia Breweries to form a South African drinks group worth 4 billion euros ($4.6 billion).

Under the terms of the agreement announced Monday, Heineken will acquire Distell in a deal that values the company at around 2.2 billion euros ($2.5 billion).

South Africa To Give Unapproved Johnson & Johnson COVID-19 Vaccine to Front-Line Health Workers

AP News | |

South Africa will give the unapproved Johnson & Johnson vaccine to its front-line health workers beginning next week as a study to see what protection it provides from COVID-19, particularly against the variant dominant there, the health minister said Wednesday.

Zweli Mkhize said South Africa has scrapped plans to use the Oxford-AstraZeneca vaccine because it “does not prevent mild to moderate disease” of the variant.

Coronavirus Variant From South Africa Emerges in US for First Time

AP News | |

A new variant of the coronavirus emerged Thursday in the United States, posing yet another public health challenge in a country already losing more than 3,000 people to COVID-19 every day.

The mutated version of the virus, first identified in South Africa, was found in two cases in South Carolina. Public health officials said it’s almost certain that there are more infections that have not been identified yet. They are also concerned that this version spreads more easily and that vaccines could be less effective against it.

Moderna Says Vaccine Is Effective In Vitro Against New COVID-19 Variants

Kimberly Redmond | |

Moderna is tweaking its COVID-19 vaccine to make it more effective against emerging strains of the virus, the company announced Monday.

In recent weeks, new variants of the virus have popped up in the United Kingdom and South Africa, along with worries that vaccines would be less protective against the strains.

Biden To Reinstate COVID-19 Restrictions on Travelers From Countries With Open Borders

AP News | |

President Joe Biden on Monday will formally reinstate COVID-19 travel restrictions on non-U.S. travelers from Brazil, Ireland, the United Kingdom and 26 other European countries that allow travel across open borders, according to two White House officials.

The officials, who spoke on the condition of anonymity to discuss the order, also confirmed Sunday that South Africa would be added to the restricted list because of concerns about a variant of the virus that has spread beyond that nation.

How ICBC Standard Bank Lost Millions on a Poorly Timed US Oil Refinery Bet

Reuters | |

An explosion at a newly acquired refinery could end up costing the bank $200 million.

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