A bad week for Clicks CEO Vikesh Ramsunder
Clicks may have been one of the best investments on the JSE this past decade but the incomprehensible decision to sanction that ad means all sorts of consequences for Ramsunder and his team
A good week
Sisa Ngebulana, CEO of property group Rebosis, is top dog again at the company he founded, after buying up shares to take his stake to 30%. At R114m, it’s a lot less than he would have had to pay a few years ago when Rebosis was riding high — so while it may feel good to be shareholder No 1 again, it’s of a company that has shed a colossal 97% of its value in three years. Ngebulana says the move underscores his confidence in the company’s future. Will it prompt similar feelings from other investors?..