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Why there is a flurry of SA companies selling their offshore investments
9 February 2021 6:52 PM
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Does the security of cash outweigh assets in uncertain times? Gibs Professor Nick Binedell discusses the trend on The Money Show.
Many South African companies are disinvesting from international firms they invested in years ago.
Just two recent examples are the Airports Company of South Africa (Acsa) and Bidvest, both selling stakes in Mumbai International Airport Limited.
Considering the bad times the world economy is experiencing right now, is this a pure scramble for capital during a time of Covid?
Picture: pixabay.com
Bruce Whitfield gets input from Professor Nick Binedell (Gordon Institute of Business Science, Gibs).