Jsedirect With Simon Brown

Simon Shares So Christo Wiese wants to sell his non economic but voting Shoprite* (JSE code: SHP) shares back to the company for some R3.6billion? I thinks not, albeit seems I am in a minority here. Afrimat (JSE code: AFT) has made a non-binding offer to buy a Universal Coal (an Australian company mining in SA). The deal is about half their market cap and at a price some 10% better than the next best offer that I knew about. They really are the masters of deals, paying a good price and making them work. But this one is a biggie and risks are much higher than the other smaller deals the've done. The latest SPIVA for South Africa is out and always it makes for bleak reading.  * I hold ungeared positions. Subscriber to our feed here Subscribe or review us in iTunes Unlisted shares Unlisted shares, those not listed and trading on a recognised exchange such as the JSE. There two ways we get unlisted shares; We buy them hoping they will eventually list and become the next Uber (albeit Uber may be a bad examp