For a small liquor company — and one restricted mainly to grape-based brands — KWV Holdings attracts an inordinate amount of media and market attention.In the past decade several big-name investors have, at various times, come to hold influence or large positions in KWV. These include retail tycoon Christo Wiese, Jannie Mouton’s PSG, former Coronation CE Thys du Toit, value investing acolyte Piet Viljoen (via RECM & Calibre), and corporate chess master Johnny Copelyn (via Niveus and Hosken Consolidated Investments — HCI).In the old days KWV —with a slightly different corporate structure — was a noteworthy unlisted investment largely because it offered investors a cheap round in JSE-listed liquor powerhouse Distell. In fact, the dividends from the stake in Distell pretty much kept KWV’s profit barrel from running dry.Once KWV was restructured and the stake in Distell unbundled to shareholders (via Capevin), a thirst remained for the company’s unlisted scrip.About six years ago PSG’s ...
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.