MARC HASENFUSS: RMH’s R489m problem
The investment company has a terrible quandary on its hands thanks to the debt problems of its principal asset, Atterbury Property Holdings
22 December 2022 - 05:00
“Never mind the NAV!” cried slightly exasperated PSG founder Jannie Mouton during the fight for the soul of unlisted liquor group KWV about a dozen years ago. This might have been the only time I ever saw the investment legend a tad flustered.
But pesky minority shareholders at KWV were vehemently opposed to a plan — that was not entirely without merit — to merge KWV into Pioneer Foods’s Ceres Beverages division at an effective price well below the stated NAV. ..
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