By the end of this year – if all goes according to plan – as many as three JSE-listed investment holding companies will be no more. PSG Group surprised the market on March 1 with the announcement that it would unbundle all of its holdings to shareholders and take what remains private. The pre-eminent investment holding company of the JSE in the last two decades would no longer be listed.
If this trend continues there will soon be precious few listed holding companies on the market. Aside from the many reasons highlighted by PSG Group in recent years as to why investment holding companies are trading at large discounts to NAV, CEO Piet Mouton also presented a new one: the so-called “tax trap”. If PSG had to sell all its investments and distribute cash to shareholders, the capital gains tax payable would be approximately R3.
I refuse to believe the end in era of investment holding companies even if psg does delisting
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dailymaverick - 🏆 3. / 84 Read more »
POLITICAL WEEK AHEAD: Investment conference and Human Rights Day celebrations take centre stageSA to host its fourth investment conference at the Sandton Convention Centre on Thursday South Africa can jump start its economy if it does the following: 1-Remove the race based BBBEE laws! 2-Remove all labour law red tape! 3-Reduce Corporate Income Tax to 22%! (This will be lowered to 27% this year tho Another speak shop aka Investment Conference, amid government control/ misdirection/ insane labour laws, what’s the point
Source: BDliveSA - 🏆 12. / 63 Read more »
HILARY JOFFE: Slow SA raises doubt that investment conferences serve any purposeRamaphosa has another one coming off on Thursday, but businessmen and diplomats are frustrated, writes Hilary Joffe
Source: BDliveSA - 🏆 12. / 63 Read more »