Good week for Brian Joffe and a bad week for Vejay Ramlakan
Entrepreneur extraordinaire Brian Joffe is back at it. His investment vehicle, Long4Life, has nabbed beauty chain Sorbet in a cash-and-share deal. A second acquisition in as many weeks is on the cards after his offer to purchase Holdsport, owner of Sportsmans Warehouse. Joffe may have walked away from Bidvest last year with the intention to retire, but his comeback proves he hasn’t been able to resist the thrill of striking a deal. That he raised R2bn to fund deals proves he is still a rock star in deal-making circles.
Does public interest outweigh the right to privacy? Vejay Ramlakan’s publicaton of details of the end of Nelson Mandela’s life in Mandela’s Last Years has come under attack from the Mandela family and executors of his estate. The book was withdrawn from circulation by publisher Penguin Random House this week. Some say Mandela’s legacy belongs to the people of SA. But Ramlakan’s unwillingness to say which family member gave him permission to share Madiba’s last moments hasn’t helped his case.