It’s hard to fault Bidvest’s profit record. But the company isn’t cutting the mustard with its largest shareholder, Brian Molefe’s Public Investment Corp (PIC), when it comes to governance — in particular, how its bosses are paid. Bidvest has a famously oversized board (24 members) who were paid a combined R66,2m last year.
Molefe has told [...]

Documents in the FM’s possession chronicle the grim inside story of what tipped Tiger Wheels’ (TiWheel) only local operating arm, ATS Light Alloy Wheels SA, over the brink.
In December, the listed Tiger Wheels company was split into two separate JSE vehicles, TiWheel and Tiger Automotive.
TiWheel kept the 74% of German wheelmaker ATS Beteiligungs (which has [...]