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Investment Holdings

Christo Wiese's plan for Virgin Active owner: Get rid of bosses, assets

Sep 19 2019 14:11

South African businessman Christo Wiese is part of a shareholder group proposing investment company Brait SE raise R3 billion in a share sale and dispose of all assets except gym-chain Virgin Active.

Investment Holdings

Ahead of its planned Israeli takeover, Clover cuts job losses

Sep 18 2019 21:52

Clover has cut down the number of jobs which would be lost as a results of its consolidation plan, while the company is pursuing a R4.8bn merger with Milco SA.

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Investment Holdings

Brimstone reduces loss, hopes to be in positive territory by year-end - CEO

Sep 02 2019 20:57

Brimstone Investment Corporation has reported a loss of R84.3m for the six months ended June 30, 2019. But CEO Mustaq Brey is optimistic as Brimstone drives down debt, 'right-sizes' House of Monatic - which made headlines for creating President Cyril Ramaphosa's suit - and celebrates successes in the food sector.

Investment Holdings

PIC inquiry to resume on Tuesday after protests force halt

Jul 29 2019 12:01

The cancellation comes after President Cyril Ramaphosa granted the commission its second extension, allowing the inquiry to compile and submit its final report at the end of October instead of the end of July.

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