There are solid grounds for shareholders to hold out for a higher offer from Old Mutual
“There was a time when the Joffe name might have commanded a premium — but that’s gone now.” Those were Brian Joffe’s own words in a 2009 magazine interview when a pile-up of failed deals showed that the hard-driving entrepreneur, whose extraordinary wealth creation credentials had propelled him to near mythical status, was human after all and prone to blunders and miscalculations.
One of those deals was while he was CEO of Bidvest, a sprawling conglomerate he built from the ground up over three decades, which bought a nearly 20% stake in Tiger Wheel & Tyre, whose parent company collapsed and forced Bidvest to take hefty writedown charges.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HILARY JOFFE: SA shoots itself in the foot with bungled messaging on Omicron discoveryOne of the first rules of crisis communications is you don’t just go out and shout ‘we have a problem and it’s very bad’
Read more »
Would your business insurance claim be rejected for these common reasons?SPONSORED | Avoid these risks for a smoother and more successful claims process, says Western National Insurance
Read more »
Editorial | Price hikes suck the joy out of Christmas | CitypressThere is little in the way of festive cheer for South Africans this year. Besides the rampant spread of the new Covid-19 variant – Omicron – plunging the country deep into a fourth wave, economic conditions are worsening, putting even more of a squeeze on consumers’ pockets, particularly the poor.
Read more »
Editorial | Vaccinate or else... | CitypressWe all should have been better prepared as a country for this fourth wave of Covid-19. Sadly, the daily escalating infection numbers tell a different story
Read more »
EDITORIAL: Decision to stop Zimbabwean visa scheme is indefensibleThe country missed an opportunity to show moral leadership and ubuntu
Read more »
Jeddah qualifying crash dents hopes of early title party for Max Verstappen | WheelsMax Verstappen was left disappointed on Saturday after a last-gasp mistake in the dying seconds of qualifying for the Saudi Arabian Grand Prix cost him pole. | Wheels24
Read more »