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Naivas follows Tuskys in family feud
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Lolest!
#1 Posted : Thursday, August 08, 2013 10:26:13 AM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
The children of the late Peter Kago engaged in a dispute over sale of 51pc stake to Massmart of SA. Newton Mukuha says his siblings want to disinherit him. They, on the other hand say Naivas wasn't their father's business at all but is a company and that a stranger shouldn't be alowed to stop operations.
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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Am
#2 Posted : Thursday, August 08, 2013 2:33:01 PM
Rank: Veteran


Joined: 2/21/2012
Posts: 1,739
Lolest! wrote:
The children of the late Peter Kago engaged in a dispute over sale of 51pc stake to Massmart of SA. Newton Mukuha says his siblings want to disinherit him. They, on the other hand say Naivas wasn't their father's business at all but is a company and that a stranger shouldn't be alowed to stop operations.


Its the Power of greed. The result is Disharmony. This is a area Mhindis beat us Africans ten nil. Other than, the Ambanis in India, Rare to hear them fight over Property. They know how to work out Succession in business.
Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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kaka2za
#3 Posted : Thursday, August 08, 2013 9:03:39 PM
Rank: Elder


Joined: 10/3/2008
Posts: 4,057
Location: Gwitu
Even wahindis have issues, e.g Ibrahims Supermarkets were torn apart by family feuds
Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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MaichBlack
#4 Posted : Monday, August 12, 2013 6:37:59 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,454
Peace of Mind 101:

If you are rich, do a will.

If you are poor, do a will.

If you are in between, do a will.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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GGK
#5 Posted : Monday, August 12, 2013 7:41:15 PM
Rank: Member


Joined: 11/21/2006
Posts: 608
Location: Ruiru
Not good development for Naivas.
Its a retail chain I've admired
"..I am because we are. "― Ubuntu, Umtu,
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Am
#6 Posted : Monday, August 12, 2013 8:46:40 PM
Rank: Veteran


Joined: 2/21/2012
Posts: 1,739
MaichBlack wrote:
Peace of Mind 101:

If you are rich, do a will.

If you are poor, do a will.

If you are in between, do a will.


I believe. Planned do mine when I will be 40. Not sure How I came up with the age a few years ago - and I hope I do not die before then..
Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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Wendz
#7 Posted : Tuesday, August 13, 2013 12:08:08 PM
Rank: Elder


Joined: 6/19/2008
Posts: 4,268
Lolest! wrote:
The children of the late Peter Kago engaged in a dispute over sale of 51pc stake to Massmart of SA. Newton Mukuha says his siblings want to disinherit him. They, on the other hand say Naivas wasn't their father's business at all but is a company and that a stranger shouldn't be alowed to stop operations.


Rink?
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MaichBlack
#8 Posted : Tuesday, August 13, 2013 12:32:34 PM
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Joined: 7/22/2009
Posts: 7,454
Am wrote:
MaichBlack wrote:
Peace of Mind 101:

If you are rich, do a will.

If you are poor, do a will.

If you are in between, do a will.


I believe. Planned do mine when I will be 40. Not sure How I came up with the age a few years ago - and I hope I do not die before then..

Let US not wait for a particular age. Let us do it now. You can keep modifying the will as and when you want.

Do a will for what you have now. At 40 you can replace/modify it.

All you need is a Lawyer [They are all over nowadays - and cheap for 'standard' documents] and two witnesses. Kwisha maneno!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Dahatre
#9 Posted : Tuesday, August 13, 2013 1:59:11 PM
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Joined: 12/21/2009
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Dahatre
#10 Posted : Tuesday, August 13, 2013 2:04:36 PM
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Joined: 12/21/2009
Posts: 602
Better yet, de-link business from family inheritance and form an independent corporation that is professionally managed. Alternatively give away your mabillions and leave your children enough to live on and skills to follow their path...

MaichBlack wrote:
Peace of Mind 101:

If you are rich, do a will.

If you are poor, do a will.

If you are in between, do a will.
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