Peter Matlare is stepping down as CEO of Tiger Brands.
News of his departure sent shares soaring.
Why does the market love the fact that he won’t be around for much longer?
The Money Show’s Bruce Whitfield interviewed Hlelo Giyose, the chief investment officer at First Avenue Investment Management.
Scroll down for quotes from the audio below.
His departure was long overdue.— Hlelo Giyose
Tiger Brands has lost market share and its profitability has gone down.— Hlelo Giyose
Tiger Brands under Peter Matlare have invested in 'no return' businesses in Nigeria. This huge amount of money has been written off. I think there should be repercussions for the Board as well.— Hlelo Giyose
Oversight at Tiger Brands is pretty weak.— Hlelo Giyose
Tiger Brands will have to recapitalise and Peter Matlare is not the man to ask the market for more money.— Hlelo Giyose
I think Noel Doyle should groom the next CEO.— Hlelo Giyose
Recommendedby NEWSROOM AI
Entertainment and news are being used to change the way you see the world and not always truthfully.
Andy Rice knocks TUC biscuits for a tweet that seems to make fun of listeriosis.
The Money Show’s Bruce Whitfield interviews former Sars spokesperson Adrian Lackay.
The Money Show’s Bruce Whitfield interviews Norton Rose Fulbright Director in Litigation Lauren Fine.
Sleep is as vital for complex life as food, water and oxygen. Bruce Whitfield interviewed FAB Quotient's Joni Peddie.
Where you won't miss a thing.
Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".
The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.
Following a spate of farm murders in the Cape, the policing expert says there aren't enough stats available on farm killings.
The Money Show’s Bruce Whitfield interviews Hirsch for his regular “ShapeShifter” feature.
The singer has come forward with claims of how she was raped by current SA Football Association boss Danny Jordaan in 1993.
Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.
Raymond Ledwaba is a Chartered Accountant by profession and the CEO of ITTHYNK Smart Solutions.
The EFF lawyer stole the show during the state capture report court battle.
Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.