ANN CROTTY: Ebrahim Patel’s road to hell
Ebrahim Patel’s interventionist intentions are good, but set a dubious precedent
01 August 2019 - 05:00
Judging by Pioneer Foods’ recent announcement that it will be acquired by PepsiCo, it’s apparent the putative merging parties have been through what you might call the "Patel process".
Section 4 of the firm-intention announcement contains all sorts of earnest undertakings that read as though they were copied from the template created by the former economic development minister, Ebrahim Patel, in the 2011 Walmart deal. Patel is now in a more powerful position as minister of trade & industry...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.