Former Steinhoff head of legal Stephan Grobler spent the weekend behind bars after handing himself over to police last week for his alleged involvement in the high-profile Steinhoff fraud case.
‘There’s no value for shareholders, there s no recovery, I think the creditors will actually have to take a haircut themselves,’ says chief investment officer at Benguela Fund Managers, Zwelakhe Mnguni.
After a spate of changes in its C-suite and major concerns about corporate governance, the results of South Africa’s biggest fishing company for the six months to March did little to inspire confidence.
Zwelakhe Mnguni of Benguela Global Fund Managers declares both the telecommunications provider’s revenue growth and the pharmaceutical group’s J&J Covid-19 contract ‘fantastic’.
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