COMPANY COMMENT
Wiese is right in trying to unlock value at Brait
Timing of Sibanye-Stillwater’s restructuring of the former Lonmin assets now under its control is intriguing
25 September 2019 - 16:04
All in all Christo Wiese appears to have been remarkably patient with the Brait management team considering its less-than-impressive track record.
As recently as November 2018 the heavily indebted, low cash-generating investment company was still talking about undertaking a new phase of acquisitions. No doubt the management was hoping the operating environment would recover to the glory days of 2015...
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