ROB ROSE: BAT sees its butt
It’s been a rough week for BAT — a R197bn loss in value and, now, confirmation that British authorities are probing its shady deals in Africa
The dominoes are starting to tumble for the most Machiavellian company on the JSE, British American Tobacco (BAT). The 115-year-old BAT is immense, operating in 200 countries with more than 50,000 staff. One in eight of the world’s 1bn smokers use its brands, which include Dunhill, Rothmans and Peter Stuyvesant. Last year, its £14.7bn in revenue dwarfed the combined GDP of Rwanda and Guinea.