Naspers’s high-voting A shares once again ensured that all of the resolutions at Wednesday’s AGM were passed, despite hefty opposition from the N shareholders.
Author: Ann Crotty
Last week’s announcement by Sekunjalo’s African Equity Empowerment Investments that BT Group was not entitled to claim back the 30% stake in BT South Africa held by AEEI was a little puzzling.
Donald Trump, Covid-19 and an increasingly truculent Xi Jinping means there is no such thing as certainty in the world of business and politics. Everyone needs insurance.
A Naspers shareholders’ meeting is, appropriately enough, more like the annual gathering of China’s rubber-stamp parliament, the National People’s Congress.
MTN Group CEO Rob Shuter was paid out a sign-on bonus of just R17.8-million in March. This is a sizeable figure but it’s less than half of the value indicated in March 2017, at the time he was awarded the bonus.
It turns out the relationship between former Public Investment Corp head Dan Matjila and Iqbal Survé’s Sekunjalo Group was as value-destroying as feared by most commentators.