TIISETSO MOTSOENENG: A Rupert lesson — turning old assets into new beginnings
Ailing industries should take note of Reinet Investments’ decision to offload its BAT stake
20 January 2025 - 05:00
You know things are going downhill when even the Rupert family, a dynasty practically built on tobacco money, decides to jump ship. (https://www.businesslive.co.za/bd/companies/retail-and-consumer/2025-01-14-rupert-dynasty-ends-80-year-history-with-tobacco/)
Reinet Investments’ decision to offload its stake in British American Tobacco (BAT) isn’t just a tickle in the stock market — it’s a thunderous slap in the face for Big Tobacco. It’s like Mali’s Keita Dynasty saying: “Meh, kings and emperors are so last century.”..
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