shareholderslatest news & developments

Do we really have to buy a share in every listed company?

AGMs may be unexciting but often the interplay between shareholders and executives is revealing at these events, which are less choreographed than results presentations.

MARC HASENFUSS: Piecing together a picture of Reinet’s AGM

Reinet's AGM revealed its commitment to preserving its substantial cash pile.

AGM. Image by Currency News

Capitec’s chair shoots down questions in another aggressive AGM

The catering outshone the governance at Capitec’s AGM, unlike Ninety One’s more informative shareholder meeting

Bidcorp CEO Bernard Berson. bidcorpgroup.com

Meet Bernard Berson, one of the JSE’s highest-paid CEOs

Berson is making a killing thanks to long-term share incentives that were doled out during the Covid lows

CEO too much pay. Rawpixel / Getty / Currency collage

The gravy train economics of CEO pay 

If executive pay is meant to reward performance, why do so many CEOs earn more when their companies make less?

Louis van der Watt, Atterbury. atterbury.co.za

Warring shareholders put RMH at risk of zombie status  

RMH appears riven with factions as would-be buyer Atterbury comes up against minorities, and perhaps even the board

Spar chair Mike Bosman. Picture: Spar Group.

Spar chair fails to soothe rattled investors  

Spar’s AGM was the chance for a rousing pep talk by chair Mike Bosman. But the problems with its guild are clearly far from over

Copper clock. worthpoint.com / Rawpixel / Currency collage

Hot metal: behind the boardroom coup at Copper 360

A bloodless Sens statement about a reshuffle in ‘executive responsibilities’ points to ructions at the pure-play mining group

DRDGold Niël Pretorius. Supplied

Waste not, want not: DRDGold’s R2.7bn bonanza

A huge bet on solar power and a rampant gold price mean record margins for the 130-year-old mine-waste specialist

HCI Sactwu. Rawpixel/Currency collage

Gone in eight-minutes: Sactwu back in HCI pound seat

A pivotal HCI shareholders’ vote was over in a flash, leaving the company firmly back in the hands of Johnny Copelyn and Sactwu

Roy Bagattini. Woolworths

Scoring while shareholders lose: why Woolies needs the Companies Act

Woolworths’ vexed relationship with shareholders is a great example of why changes to the Companies Act should be made law

Mr Price Mark Blair and Nigel Payne. mrpricegroup.com

Mr Price vs … everyone

The chances of forcing a vote on its purchase of German retailer NKD look slim – but one fund manager is doing its best for shareholders

King code questions. Rawpixel/Currency collage

Open letter to Piet Viljoen: why King can keep feral firms in check

Out-of-control executive pay and mute shareholders are why listed South Africa still needs the King Codes

Mr Price. Supplied

Mr Price faces shareholder revolt over R9.6bn NKD purchase

Hedge fund 36ONE Asset Management has written to chair Nigel Payne to register ‘serious concerns’ and requested a meeting to discuss the deal

Sean Riskowitz. Supplied

Inside the Trustco investor putsch 

Trustco’s biggest shareholder explains why it’s called for a wholesale overhaul of the Namibian company’s board

AGM. Image by Currency News

Rate the AGMs: Shoprite outstanding, Truworths indifferent

Truworths’ AGM is as woeful as its share price performance, while Shoprite shows retailers how it should be done

Curro school. Photo by Gallo Images/Papi Morake

Curro’s slam-dunk deal leaves Moutons in the dollar seats  

Investors overwhelmingly backed Jannie Mouton’s philanthropic share swap, which leaves the Moutons with a tax-efficient windfall

Barloworld

Digging up the Barloworld holdouts

Barloworld’s buyers need to find another 3.26-million shares from investors – or their delisting plans are over, for at least 12 months

Albie Cilliers; Herman Bosman RMH

Did RMH overpay its executives? 

RMH executive bonuses may have been based on problematic computations that could have added an unjustified 15% to their value

Barloworld Newco. Rawpixel/Currency collage

Latest: victory for Barloworld investors

Barloworld’s bidders have been forced to stump up a full R120 per share after trying to deduct the June dividend from their offer