Group Five Says Big Investor Wants Breakup, Return of ex-CEO

By Aarti Bhana Shareholders to vote on Upton’s return at meeting on July 24 Allan Gray also wants company to be broken up to boost value Group Five Ltd. said its largest shareholder, Allan Gray Ltd., has nominated former Chief Executive Officer Mike Upton to the board as a non-executive director and has proposed that … Continue reading Group Five Says Big Investor Wants Breakup, Return of ex-CEO

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Net1 Says Belamant Pay Justified as Shareholders Forced Him Out

By Aarti Bhana and Renee Bonorchis for Bloomberg News Net1 pay committee doesn’t see ex-CEO’s deal as extravagant Belamant was paid $8 million severance, premium on shares Net1 UEPS Technologies Inc.’s new Chief Executive Officer Herman Kotze said a severance payment to the company’s founder and former CEO who was criticized by the company’s biggest … Continue reading Net1 Says Belamant Pay Justified as Shareholders Forced Him Out