Remgro’s fundamental error
Investment holding companies live or die by their capital allocation strategies. Rupert’s firm is getting it consistently wrong
29 May 2025 - 05:00
Death, taxes and a large discount to intrinsic NAV (iNAV) per share — these are the certainties for local investors in investment holding companies.
There are many such examples on the JSE, though fewer than before. Unsurprisingly, when the market doesn’t reward a particular type of corporate structure, that structure loses popularity...
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