the deal wrote:This stock might go the Kenol Kobil way... If the DJ is ailing & can't do the day to day anymore and he doesn't have a successor among his children... Then the right thing to do is to sell to some of this SA companies like he has done with Haco to Tiger brands... UAP to Old Mutual... I don't think the DJ is the passive investor type... There were rumours a few years back that Investec were interested... Time will tell... At the moment the discount to NAV is mouth watering barring the troubles at Sidian Bank & real estate projects...
He intended to make Polycarp Igathe the successor.
His stake in Centum is about 31% not meaningful for an investor who wants to control and give strategic direction
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle