A good week
Kenya is taking a firm stand on vaccination. Concerned about slow uptake of the Covid vaccine, and amid fears of a resurgence of the virus over the holidays, President Uhuru Kenyatta’s administration has ordered that, as of December 21, access to in-person state services, public transport and public places such as bars, restaurants and game parks will be off-limits to the unvaxxed. As part of the drive, it will also roll out a 10-day mass inoculation campaign this week. It’s a commitment from which SA could learn a lesson or two.
A bad week
It all seemed to be going so well at Tongaat. A lifting of its suspended shares, clarity on the value of its assets, a strong sugar price, the sale of its starch business … No wonder so many punters climbed into the stock. Then, last week’s bombshell: a R4bn rights offer on a R1bn company, underwritten by Zimbabwean Hamish Rudland. It feels like CEO Gavin Hudson has pulled the trigger on a deeply discounted takeover, and swept the rug from under minorities’ feet.
* Note: this article was altered on 25 November to reflect the fact that it was Hamish Rudland, not his brother Simon Rudland, who underwrote the deal
Companies in this Story
Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.
Please read our Comment Policy before commenting.