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Assessing and promoting civil and minority rights in South Africa.

[Source: Bloomberg by Antony Sguazzin.]

A 4.8 billion-rand ($354 million) buyout of South Africa’s biggest dairy company, Clover Industries Ltd., by an Israeli-led group is under threat after protests by a pro-Palestinian activist group.

Brimstone Investment Corp., which is part of the bidding group led by Tel Aviv-based Central Bottling Co., is reviewing its role in the transaction, the company said in a statement on Thursday. Clover shares plunged as much as 9.8 percent, erasing part of the gains made when the deal was announced three days ago.

“We have taken note of the widespread outrage in respect of Brimstone’s participation in the proposed purchase,” the black-owned South African company said.

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South Africa at a Glance
58 780 000 (mid 2018 estimate)
4.5% y/y in June 2019 (CPI) & +5.8 y/y in June 2019 (PPI)
-3.2% q/q (1st quarter of 2019)
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