Why entrepreneurs don’t sell to listed companies anymore

The JSE of today reminds me of a hotel under lockdown rules. The infrastructure is there, but the utilisation is low and very few people are making new bookings. The long-standing guests are getting tired of empty swimming pools and boring games nights and are checking out in search of greener pastures. New listings on the JSE are becoming more …

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ARC: shareholders, can we have some more please?

African Rainbow Capital (ARC) Investments was “pleased to advise shareholders” that the board resolved to undertake a rights offer. That means they will tap into shareholders for another R750 million, which I’m sure shareholders can’t wait to give them after the ARC share price has dropped nearly 70% since listing. I’ll bet the board was pleased. So is anyone else …

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