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Neethling, who will earn R1 a month as acting CEO, has also been appointed as chief transition officer, tasked with a rapid transformation of a group still trying to put its debt problems behind it.
Since its listing in 2013, Ascendis’ share price has seen a significant drop of more than 93%.
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...
Ascendis Health's hastily reinstated AGM on Monday may have been a costly mistake for the wellness company, after it effectively triggered the cancellation of an agreement it had made with its lenders.