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On Tuesday, Snap reported income and consumer progress that was much lower than Wall Street anticipated and the inventory cratered shortly after. Shares rebounded when traders realized that Snap had announced that Tencent, the Chinese firm behind WeChat, had acquired a 10% stake within the company. Tsogo Sun’s other major investor is Hosken Consolidated Investments Ltd., which owns about 41 %, according to the company’s web site. The 39.6 percent holding within the Johannesburg-based firm is “not considered to be core to the beverage operations of SABMiller,” the maker of Peroni, Grolsch and Castle Lite said in a statement. There’s no certainty any action will arise from the strategic review, SABMiller stated.

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