ROB ROSE: The activist and the social media storm
Albie Cilliers’ comments on Twitter about the ‘expropriation’ of his African Phoenix preference shares elicited a legal threat from Peresec and 27four
11 November 2021 - 05:00
Shareholder activists in SA don’t have it easy. CEOs typically hate anyone questioning their multimillion-rand pay packages and boards of directors don’t like to be challenged on trifles like accounting high jinks or shoddy oversight. Just ask Theo Botha, who has tackled self-important directors at the AGMs of companies including Sasol, Absa, Sappi, Super Group and JD Group.
Albie Cilliers, a Cape-based farmer with an engineering degree, is another activist who has wrangled big changes at firms, including KWV and Sovereign Foods...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now