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.  ..

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