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GATHERING FOR THE FEAST

The number of parties rumoured to be interested in the restructured Johnnic Holdings and Johnnic Communications grows by the hour It has been indicated that Cyril Ramaphosa Phuthuma Nhleko and Mashudu Ramano all of whom are already involved in the group would comprise the consortium behind the restructure but it is understood that companies like Kagiso and Hosken Consolidated Investments are also showing some interest Grapevine has heard that the high level of interest has to do with expectations that the level of directors pay will be extended to the new shareholders Meanwhile existing shareholders should not expect the process to come to a conclusion soon.

Source: Sunday Times – Business Times: GRAPEVINE – Marcia Klein