VAN­ITY COM­PA­NIES

Finweek English Edition - - INVESTMENT -

We have a cou­ple of what I term ‘van­ity com­pa­nies’ on the JSE. Of­ten the CEO of a mas­sive com­pany leaves and starts his own smaller listed com­pany with his re­tire­ment fund, or more likely with a small por­tion of his re­tire­ment fund. Pri­vate in­vestors get all ex­cited be­cause these CEOs have big names and have done in­cred­i­ble things in the past.

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