It took a few weeks for Pick n Pay’s board to convince its former CEO Sean Summers to rejoin the company 16 years after leaving the now-struggling company that was once voted top retailer in the world.
During the Covid epidemic Transaction Capital was unable to repossess taxis and now has a lot of catching up to do. Before Covid it repossessed 200 taxis a month.
Brian Joffe, the CEO of investment group Long4Life, says the expression of interest that the company received from a local entity didn’t come as a surprise because listed companies with a small market capitalisation have been undervalued