The share price of Christo Wiese’s industrial holding company Invicta closed at its highest level in four months on Monday after the company announced it was selling four businesses for about R607m to pay down its most expensive debt.

The group said it was selling four businesses in its Capital Equipment segment, with its share surging 19.24% to close at R7.50.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now