Saad puts on brave face, splashing out on R100m of Aspen shares
The company’s second-largest shareholder behind the PIC bought more than 850,000 of Aspen’s securities this week
09 May 2025 - 05:00
Aspen founder and CEO Stephen Saad has spent about R100m buying the group’s shares, in a move seen to be a bid to shore up confidence in the company’s medium- to long-term prospects after a plunge in its value over the past month.
Saad, who is the company’s second-largest shareholder behind the Public Investment Corporation (PIC), bought more than 850,000 of the group’s securities this week, valued at just less than R102m...
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