Finally, something has given at Brait — even though it’s not the titantic deal first envisaged in the FM’s speculative article last month (

On Monday, the investment group’s major shareholder, retail tycoon Christo Wiese, confirmed surrendering R416m in shares to activist investor Mergence Investment Managers. There is now hope that a Wiese/Mergence partnership holds sufficient leverage to ensure value is unlocked fairly briskly from the group’s investment portfolio.

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