Vestact MD Paul Theron’s humour doesn’t always translate well into text. We suggest listening to the very short Soundcloud clips for a lighthearted look at last week’s biggest business blunders.
Curro roasted in the Court of Public Opinion
Curro will release its results later this month. The market expects it to be very good and, as a result, the share price is on the up. Nevertheless, the company found itself in hot water these past few days.
“The only time whites should be separated is when you’re doing laundry,” quips Theron. “Curro’s teachers are good at math, especially division.”
We have parastatal problems. In Brazil it’s worse. Much, much worse…
Listen to Theron explain why SAA and Eskom has nothing on Brazil’s state-owned Petrobras, reportedly in cahoots with construction companies (has a familiar ring, doesn’t it?).
So far police has arrested 40 people (including executives from Petrobras and various construction firms). Damages are estimated at R232-billion, which is half of the company’s market capitalisation.
“At least Brazil still has that Jesus statue” says Theron. “Not to mention a lady-manicure named after them,” adds 702/CapeTalk presenter Bruce Whitfield.
Typo destroys 124-year-old Welsh family business
Listen to Soundcloud to learn how writing “Taylor & Son” instead of “Taylor & Sons” lead to the bankruptcy of a 124-year-old engineering firm.
Scammers stealing from Gauteng running clubs
There’s a news scam in Gauteng where people are forging road running race numbers and selling them.
“Stealing from those who have – and wear – so little is absolutely disgraceful!” says Theron. “Can you imagine what that does to the timekeeping?”