The shares  of Christo Wiese’s industrial holding company Invicta were on track for their best day in two months on Monday, after it said it had agreed to sell a stake in Singapore’s Kian Ann group for R647m.

Invicta, valued at R2.9bn on the JSE, intends to sell a 51.19% stake in Kian Ann, with the proceeds to be used to address a net debt pile that stood at R1.6bn at end-September...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now