ROB ROSE: The JSE on trial in Pembury Wild West saga
Will the JSE act at a company where directors say they’re having to work in a ‘mad’ environment, and the suspended CEO is on the rampage?
20 February 2020 - 05:00
What with all this talk of "restoring governance" in SA, sometimes it’s refreshing to find a bunch of cowboys just doing whatever the hell they like, ethics be damned. Take, for example, the bad satire unfolding at Pembury Lifestyle Group.
The story starts in March 2017, when businessman Andrew McLachlan listed it on the JSE, raising R140m from investors so that Pembury could provide "affordable quality education" and top-quality "retirement living"...
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.