Brait’s net asset value halves due to Covid-19
The group says businesses within its portfolio are looking to reduce costs and preserve cash, though the effect of the pandemic remains uncertain
24 June 2020 - 09:36
Investment group Brait, whose largest shareholder is Christo Wiese, said on Wednesday that its net asset value (NAV) per share had halved due to Covid-19, which does not take into account the effects of a share issuance in February.
The group’s NAV per share fell to R8.27 in the year to end-March, from R41.80 in the year-earlier period. ..
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