BizNews Briefing - Rate cut joy; immature politicians; Remgro v Discovery; Exploding pagers

A parliamentary watchdog says someone inside SAPS management is lying about missing vehicles, and the good cops are paying for it. A CEO who once got locked out of his own email explains how he turned around a company that had defaulted on its debt for sixteen straight months. A…

Rhys Summerton bought into a company that had lost 99.5% of its market value and told the independent directors their pay was being halved on day one. At BNC#9, the Milkwood Capital founder and iOCO joint CEO laid out how a fund manager turned operator actually runs the acquisition game:…

Carl Neethling didn't set out to run Ascendis Health. A small, almost accidental shareholding tripped a JSE disclosure threshold, and not long after that he was locked out of his own email on the day he took the company over. What he found inside: nineteen accountants who, in his words,…

Old Mutual almost closed its gold fund in 2019. A ballot most clients ignore drew a 13% response, and that was enough to keep it alive. Six years later it has gone from R400 million to R4 billion, and the fund's manager, Meryl Pick, was at BNC#9 taking questions on…

In his latest interview with Chris Steyn, Ian Cameron, the Chairperson of Parliament's Portfolio Committee on Police, has a very direct message for Acting Police Minister Firoz Cachalia who - at the SAPS National Commemoration Day for fallen heroes - introduced him to the Free State MEC as “Chairperson Cameron,…