INVESTMENT OPPORTUNITIES
‘Put more money into SA’, upbeat Joffe tells investors
The prevailing political climate — particularly the move towards land expropriation without compensation — has knocked an already brittle investor sentiment
Deal-making doyen Brian Joffe, who started building the sprawling Bidvest empire during one of the country’s most turbulent times, has urged financial institutions and asset managers to invest in SA. Speaking in his capacity as CEO at the annual general meeting of investment company Long4Life on Monday, Joffe said these days investment entities were very anti-South African. "I would encourage investors to put more money into SA … to help develop entrepreneurs. I would encourage them to do more for SA." Joffe has been through several tough business and political cycles since he came to prominence with the launch of Bidvest in 1988. This took place at a time when investors were pulling out of SA following then state president PW Botha’s markets-rattling Rubicon speech three years earlier. The prevailing political climate — particularly the move towards land expropriation without compensation — has knocked an already brittle investor sentiment. Many so-called South African Inc stocks o...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.