It’s good to be back ... I think. So much has happened since we published our last edition for 2017 — most of it fairly disturbing. Instead of weighing up growth prospects, it seems the market has become fixated on spotting the next corporate train smash.I even heard that a top asset management company — perhaps after surveying its Steinhoff International bruises — has now advertised for the services of a forensic researcher.There are more than a handful of large JSE-listed companies with complex operating structures, complicated shareholdings and intricate financial reporting. Recent developments have given shareholders, big and small, pause to think: "How well do we really know these companies?"Ultimately, good companies — those with strong management, reassuring cash flows, stout balance sheets and a business strategy that is comprehensible — should survive vexatious victimisation.I thought Capitec Bank — smeared in the latest Viceroy report — responded with dignity and a good de...
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