Long4Life — the "small" investment company headed by deal-making doyen Brian Joffe — is hoping to find a great big acquisition to catapult it to another level in the next few months. This was the word from Joffe at Long4Life’s investment presentation last week, an event that suggested there was some sheepishness that the company was still sitting on more than R1bn in cash and had not met the market’s expectations of making rapid acquisitions. This seems clear from the fact that since listing in 2017, Long4Life’s share price has tumbled 26.1%. In that time, Joffe’s company has invested in many lifestyle-orientated companies — sports and outdoor retailing as well as cosmetics and beauty therapy, niche beverages, health care and footwear. Still, investors have been waiting for the "big one" — the life-changing acquisition to carry the company’s longer-term strategy. Thankfully, Joffe reiterated that Long4Life is not keen to make a series of small acquisitions. At the end of February, L...

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