OPINIONISTA: Don’t let political activists hamstring our economy By Ivo Vegter IvoVegter
announcing that a company registered in South Africa, MilCo, had offered R4.8-billion to buy all the shares in Clover and delist it from the JSE Stock Exchange.
The rationale for the acquisition is to introduce an experienced new shareholder that could grow the Clover business in South Africa, which has 8,500 employees, but had been going through somerecently. In addition, it would enable export growth into the African market. The deal falls squarely in line with the government’s stated ambition to attract foreign direct investment and to grow South Africa’s export markets.
Other shareholders in MilCo International are IncuBev, an international business focused on the food and beverage sectors in sub-Saharan Africa, and Ploughshare, a privately owned, independent investment company with investments and expertise in retail, distribution and beverages.
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