JAMIE CARR: Inertia dominates at Hudaco Industries
Hudaco clearly got excited about the recovery plan detailed in President Cyril Ramaphosa’s maiden state of the nation address, and felt the pain when it didn’t translate into meaningful investment
Never let it be said that the beloved country’s business leaders are shy of jumping on any trend gaining traction in the more forward-looking markets of the world. An explosion of investor interest has followed the legalisation of marijuana in Canada and various US states, and commentators have found themselves entirely incapable of resisting the temptation to slip in quips about high returns. The sector has traditionally been somewhat informal, with the likelihood of a visit from the local constabulary being enough to put paid to corporate interest, but little-known Mauritius-registered nutraceutical company Go Life International is determined to change that. It states what the devotees of Jah Rastafari have been telling us for years — that the advantages of medicinal cannabis can no longer be ignored, and as a result it is positioning itself to make a strategic entry into the cultivation market and looking to manufacture "innovative and appropriate" cannabis-derived medicinal prod...
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