Marc Hasenfuss Investors Monthly editor, writer & columnist

I am a shareholder (or at least a preference shareholder) in deep-value investment company RECM & Calibre (RAC), which really makes an effort in its financial statements to provide in-depth and frank commentary rather than the mundane corporate-speak so typical of many companies on the JSE.

I was looking forward to this year’s final results (to end March) to see how the company dealt with its disastrous investment in building supplies group Distribution & Warehousing Network (DAWN)...

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