Bri­tish Amer­i­can To­bacco, worth R1.04tr.

Finweek English Edition - - COVER STORY -

It listed on the lo­cal ex­change in Au­gust 2008, with an ini­tial mar­ket cap­i­tal­i­sa­tion of R560bn.

Th­ese are stag­ger­ing num­bers. To put that into con­text, the South African Gov­ern­ment tabled a bud­get amount­ing

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