HILARY JOFFE: SA firms’ global expansion came at a cost
The government let five big companies leave for London but didn’t succeed in attracting new foreign investment
18 August 2023 - 05:00
Between 1997 and 2000 five of SA’s largest companies moved their headquarters and primary listings to London.
Gencor/Billiton started the trend in mid-1997, followed by SA Breweries (SAB), Anglo American and Old Mutual in 1999, and Dimension Data in 2000. Three of those London five have since been swallowed up by larger global groups. Old Mutual came home again in 2018, and only Anglo remained in London, though it is much changed. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.