Back to business

Finweek English Edition - - SIMON SAYS - * The writer owns shares in Fa­mous Brands. ed­i­to­rial@fin­

can invest again with­out the threat of a mas­sive fine bankrupt­ing the company hang­ing over them. monies back from said ad­vis­ers. The R312m pay­ment is prac­ti­cally a full year’s head­line profit for the company. While that hurts, the threat of a much larger pay­ment is now gone, the company can get back to business and share­hold­ers Hu­daco has set­tled its dis­pute with Sars, which was ini­tially for some R2bn, but has been set­tled for a more mod­est R312m. Hu­daco is blam­ing its ad­vis­ers, and it will be in­ter­est­ing to see if it will at­tempt (and suc­ceed) to re­cover the

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