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WATCH: Why Peregrine had to write down its investment in Java
Peregrine CEO Robert Katz talks to Business Day TV about the group’s annual results
21 June 2019 - 09:46
Peregrine Holdings has written down the value of its investment in Java Capital by R100m as the corporate advisory house grapples with a slowdown in deal flows in SA.
Java Capital’s attributable earnings in the year to end-March fell 60% to R15m because of “significantly reduced deal flow in both the general corporate finance arena as well as in equity capital markets during the year”, Peregrine said...
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