COMPANY COMMENT: Can Elysium elixir save Go Life from death?
Go Life International has bounced back with its first "deal" since securing a secondary listing on the JSE’s AltX board
Fresh from its brush with a liquidation application in Mauritius, nutraceutical firm Go Life International has bounced back with its first "deal" since securing a secondary listing on the JSE's AltX board. Well, it is not exactly a money-on-the-table kind of deal, but rather an agreement with Elysium Healthcare that offers access to generic and pharmaceutical medicine and could see an expansion into new markets. Essentially Go Life and Elysium will be involved in a strategic partnership. Go Life may wax lyrical about the arrangement, but what is clear is that the value of the transaction is intangible.With the expiry of the South African Social Security Agency’s controversial social grants distribution payments contract with Cash Paymaster Services (CPS) looming, some observers are arguing that Grindrod Bank, which is CPS’s banking partner, could take over when CPS’s contract — which was invalidated by the Constitutional Court three years ago – expires in two weeks. But this argume...
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