Peter Spinks News Today

Founded by businessman Gary Shayne’s Coast2Coast Capital in 2014, the Bounty Brands stable includes a basket of well-known consumer brands.

The Unemployment Insurance Fund’s R1.37-billion investment in troubled consumer goods group Bounty Brands was effectively wiped out following a series of defaults on debts. But mere months before the crisis, an offshore company in businessman Gary Shayne’s Coast2Coast group — along with o...

The Unemployment Insurance Fund lost R1.8-billion in public money by indirectly investing it in Bounty Brands. Scorpio investigative journalist Pieter-Louis Myburgh explains how the money was lost and who might be to blame.

How does one lose nearly R2bn in public money? One way, it seems, is to invest it in a business with loads of debt buried beneath an insanely complex corporate structure. We unpack how the Unemployment Insurance Fund, and others, got burnt in the Bounty Brands debacle. How does one lose nearly...

The Unemployment Insurance Fund has lost roughly R1.8-billion thanks to an ill-fated investment in Bounty Brands, a consumer goods group. Bounty Brands’ management and Gary Shayne, founder of the private equity firm behind Bounty Brands, are at odds as to the reasons for the collapse. The Une...

The latest court results for St Albans, Harpenden, Wheathampstead, the Colneys, Redbourn and surrounding areas.

Former ANC treasurer-general Zweli Mkhize’s trust scored an upmarket property thanks to a R1.37-billion Public Investment Corporation deal. It turns out the Unemployment Insurance Fund, which supplied the funding, has lost a staggering R1.8-billion thanks to this transaction and an earlier de...

Controversial businessman Lawrence Mulaudzi in 2018 pocketed a R47.5m advisory fee from a R1.37bn Public Investment Corporation deal. The very next day after his windfall, Mulaudzi paid nearly R6-million to a transfer attorney’s account for an upmarket townhouse bought by the family trust of...