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Brian Joffe on Long4Life results, prospects and strategy South African business icon Brian Joffe was the flagship guest for last night’s BizNews Power Hour, with the Bidvest founder upbeat about the prospects of his latest venture – Long4Life. The investment holding company has some great assets with household names such as Sportsmans Warehouse, Fitch & Leedes and Sorbet. Given the perennial investment holding problem – a large discount to net asset value – Long4Life has outsourced Investec Corporate Finance to extract value via corporate action. This could see Long4Life unbundle one ...

Sportsmans Warehouse Long4Life, Brian Joffe's holding company, reported that its earnings per share decreased by 26% to 31.9 cents for the year to end February. On Thursday, the owner of Chill Beverages, Sportsmans Warehouse and Sorbet said the pandemic and resultant national lockdown restrictions had a significant impact on the operating and financial performance of the group over the past year. This is due to trade in the three group divisions - Sport and Recreation, Beverages, and Personal Care and Wellness - being severely restricted for most of the first half of the financial year. The...

Long4Life, the lifestyle investment company that was listed on the JSE by CEO Brian Joffe in April 2017, is pulling out all the stops in order to realise more value from its investments – including a potential delisting.  The news came as it released annual results for the year to 28 February that showed a strong recovery in its second-half performance.  The company has been buying back shares, spending almost R486-million on repurchases last year at an average price of R3.42 per share. It said it used cash surplus to its requirements to invest in the buybacks due to the intrinsic value w...

Brian Gilbertson and Brian Joffe – two men with significantly different styles who have both made major contributions to business.

Supplied It has been five months since Bidvest CEO Mpumi Madisa took over the helm of the industrial giant and although she's not looking to change a lot in the company, she says its acquisition pace will be quicker. Madisa took over from former CEO Lindsay Ralphs in October 2020 after his retirement and, at 41, her age makes her stand out among her older JSE company peers. But she is no stranger to the company, having been there for seven years, with Ralphs and founder Brian Joffe showing her the ropes. Since its establishment in food services 33 years ago, Bidvest is...