Tsogo Sun: The Second Joker in the Pack

… and SABMiller has promised its support already! During the South Sea Bubble around 1720 one company issued a prospectus that contained the illuminating description of itself as “a company for carrying out an undertaking of great advantage, but nobody to know what it is” (Charles Mackay, ‘Extraordinary Popular Delusions and the Madness of Crowds’, […]

WPP board facing irate shareholders…..

WPP is one of the world’s largest communications services groups. WPP plc (LON:WPP) annual general meeting held today (13 June 2018) was a feisty affair, with Sky News reporting that more than a quarter of investors have cast votes against a pay report, angered by benefits for the advertising giant’s former chief executive Martin Sorrell. […]

STAR to distance itself from Steinhoff

Jayendra Naidoo, the chairman of Steinhoff Africa Retail (STAR), said at the AGM held on 15 March that should Steinhoff decide to sell its entire 77% stake in STAR, there would be little difficulty in placing the shares with institutional investors.  Selling its STAR stake at the current market price would generate about R60bn for cash-strapped […]