Listen: On the 2nd of June, the Competition Commission prohibited the sale by Grand Parade of Burger King to an American investor called Emerging Capital Partners (ECP). It is an unprecedented act by the Commission because by its own admission, the sale would not reduce competition nor would it
Listen to the podcast: Let’s assume you are on a calorie-restricted diet for the sake of your health. Then you get sick, your body needs more nutrition. If you stay on diet you will get sicker. Like most diets, the B-BBEE regulations are well-intentioned and they should be supported.
Hot on the heals of MTN Zakhele’s credit crunch comes another, this time from Grindrod. The details are simple enough: In 2014, Grindrod consolidated its B-BBEE ownership into its listed entity at a cost of R560m. This R560m, along with a further R400m in vendor preference shares and R450m in
MTN’s empowerment vehicle, MTN Zakhele Futhi is on the brink of collapse. MTN Zakhele was set up in 2016 to allow qualifying black investors to gain geared exposure to the MTN share price. MTN has decided to suspend its interim dividend. MTN Zakhele relied on dividends to cover its funding
