Makalani, the flailing JSE-listed empowerment financier, has come under fire from angry shareholders for failing to put together a plan to haul itself out of the dumps.
It has been a rapid fall from grace for Makalani, the joint venture listed in April 2005 and owned Rand Merchant Bank (RMB) and empowerment groups WDB Investment Holdings, Thesele and Tamela.
At the time, [...]

Altech, the telecommunications company 56% owned by Bill Venter’s Altron, walked into a storm at its AGM last week over its sluggish approach to transformation. And the bad news is that the Public Investment Corp (PIC) is losing patience.
This sets the stage for yet another skirmish between PIC chief executive Brian Molefe and Altech. In [...]