This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

Chris Logan: Where Tongaat has gone, Hulamin, Nampak are following.

Loading player...

Back in 2014, independent money manager Chris Logan spoke out publicly against the strategy being followed by KZN's leading company, Tongaat Hulett. He urged the board and executives to drop their approach of selling off prime commercial real estate to pump the cash into the sugar sector - an area Logan reckoned was the worst commodity to bet on. In this episode of Rational Radio he describes what happened as a tragedy; had those controlling the purse strings pursued a different strategy, Tongaat would still be a flourishing business. Logan has similar misgivings about Hulamin and Nampak, companies that he reckons are also guilty of massive mis-allocation of capital. - Alec Hogg Learn more about your ad choices. Visit megaphone.fm/adchoices

2 Dec 2019 3PM English South Africa Investing · Business News

Other recent episodes

Rachel Kolisi takes Falling Forward and her message of financial independence for women to a global stage

Rachel Kolisi has spent the past few months on the road in South Africa with Falling Forward, her book and the documentary that followed. Fourteen events and more than 10,000 people later, she is taking the project to London, a move prompted by women who travelled from Europe to attend…

13 Nov 6AM 19 min

BN Edge | Piet le Roux: ICASA, Starlink and the true cost of BEE

To sell internet access in South Africa, you first have to show ICASA the race of your shareholders. Sakeliga has now taken the regulator to the Pretoria High Court, but, oddly, not to scrap the 30% black-ownership rule. Chief executive Piet le Roux told Alec Hogg why he chose the…

13 Nov 6AM 28 min

BN Daybreak: Moeng on cushioning the ANC; McKenzie on Swimming SA; Durban 50/50; Huang quits

Political commentator Solly Moeng tells Chris Steyn that voters who shut the ANC out expect ActionSA and the DA not to cushion it over personal grudges: the ANC belongs on the opposition benches. Sports Minister Gayton McKenzie calls Swimming South Africa one of the country's worst federations, says the Act…

12 Nov 10PM 17 min

BN Edge | CEO Charles Savage breaks down “best-ever” results for EasyEquities owner Purple Group

A year ago, Charles Savage made Alec Hogg a list of promises. This week he came back with Purple Group's best numbers yet: profit before tax up 36%, more than R100 billion in client assets, and nearly R17 billion deposited in a year when markets gave investors far less. So…

12 Nov 8AM 37 min

BN Edge | McKenzie: coalition talks, PA performance, Tatjana defection and the GNU's road to 2029

Gayton McKenzie spoke to Alec Hogg on the morning the ANC's national executive committee sat to decide its coalition path, and he was ready with a prediction: who would run Joburg, Tshwane and Ekurhuleni, and which party he believed would be left with nothing. Hours later he was due to…

12 Nov 8AM 51 min

All episodes