‘Nobody ever forecasts for zero revenue’
Jul 10, 2020
2 minutes
By Simon Brown
capital raising by listed companies on the JSE is breaking records. As I write this (in the last week of June), we’ve had some R5bn of book builds from Harmony, Pepkor and Transaction Capital and more than R10bn of proposed rights issues (some mooted, but not yet confirmed).
There are many reasons for this activity. In the case of City Lodge, for example,
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