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Showing content with the highest reputation on 11/15/2018 in all areas

  1. All the other banks breathed a sigh of relief. Apparently whites hold all the money in SA and after that I'm sure most won't rush to open an account. Funny thing though: there is white outrage (and f*cking rightly so) on Twitter but I do not see blacks taking joy in it or slamming the whites for being "racist" etc. Anyway, I just finished moving my life insurance to them not too long ago but in the past I've felt like moving my medical aid away from them. Won't do any knee jerk reaction but the case for exploring alternatives is much stronger than before where Discovery was seen as the defacto standard. Deep inside me I feel "filthy" knowing I'm helping to fund a company with racist policies - whether those policies come from a place of them trying to do something good or just a political cheapshot (bets on getting more black customers and get the whites anyway despite their outrage).
    2 points
  2. This means suspension will not be lifted this year, this is clear, taking from the slow pace this company takes to resolve matters.
    1 point
  3. PEM 201811140024A Update on Acquisition of Finch Haven PEMBURY LIFESTYLE GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/205899/06) (“PL Group” or “the Company”) ISIN Code: ZAE000222949 JSE Code: PEM UPDATE ON ACQUISITION OF FINCH HAVEN Shareholders are referred to the announcement published on SENS on 2 February 2018, wherein it was advised that PLG Properties, a wholly owned subsidiary of PL Group had entered into an agreement with Finch Haven Retirement CC, (the member of which is Mr N Georgiou) to acquire a property in Fairland for a total purchase consideration of R16 million (“the Acquisition”). The property has not yet been transferred to the Company. Shareholders are advised that the Acquisition has subsequently been identified as an indirect related party acquisition from a former material shareholder as per the definitions and section 10 of the JSE Listings Requirements and will therefore require a fairness opinion from an independent expert. Should the Acquisition be found to be unfair, shareholder approval will be required in General Meeting. A further announcement will be made in due course. By order of the board Johannesburg 14 November 2018 Designated Advisor Arbor Capital Sponsors Date: 14/11/2018 09:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
    1 point
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