Wiese & Co gun for big overhaul of struggling Brait
Project Arbiter proposes backing a R3bn share sale and clearing out top leadership team
Christo Wiese has teamed up with other shareholders in Brait to propose a sweeping overhaul of the struggling investment house, including backing a R3bn share sale and clearing out its top leadership team.
The company’s share price jumped as much as 6% in intraday trade on Thursday to R15.20. It had pared some gains by 11am, up 1.12% to R14.48.