When he arrived at Metair Investments’ Joburg headquarters on February 1 to start work as CEO of the JSE-listed automotive components and energy storage (battery) company, Paul O’Flaherty might have expected to find a revolving door at the entrance to his office.

Not only was he Metair’s third CEO in less than a year but a number of executives had also been through the office’s (standard wooden) door in 2023 to tender their resignations. Some analysts wondered whether Metair retained the leadership depth required to reverse its declining fortunes...

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