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Thread: Investment giant in trouble?

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    Site Caretaker Dave A's Avatar
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    Investment giant in trouble?

    I've been having a little trouble getting paid anywhere near on time by a certain South African financial investment giant. A few days ago in idle conversation with another business chap, it came up that this same investment mega-corporate is rather significantly behind on their payments to his company too (far more behind than they are with me, in fact).

    Has anyone here read any rumblings in main stream media about a major stock exchange listed corporate having severe cash flow problems? Or insider gossip perhaps?

    I'm not going to mention any names so please don't ask at this point - anyone who is aware of an issue at this level is probably going to know whom I'm likely to be referring to.
    Last edited by Dave A; 11-May-11 at 02:39 PM.
    The trouble with opportunity is it normally comes dressed up as work.

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    Gold Member Chrisjan B's Avatar
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    Can it be ABSA - no it can't be ABSA is a bank...

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    Dave PM me a name ... I'll see if I can find out anything from an auditing perspective.
    If you need any Accounting, Tax or even Financial Management advice, PM me and I'll try help and keep your information confidential.

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    Diamond Member wynn's Avatar
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    Noseweek says Investec is in trouble, is that what you don't want to hear?
    "Nobody who has succeeded has not failed along the way"
    Arianna Huffington

    Read the first 10% of my books "Didymus" and "The BEAST of BIKO BRIDGE" for free
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    Site Caretaker Dave A's Avatar
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    Keep looking...
    The trouble with opportunity is it normally comes dressed up as work.

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    Gold Member Chrisjan B's Avatar
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    What is this - a clue to a treasure hunt?

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    Site Caretaker Dave A's Avatar
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    I wish it was a treasure hunt. Probably the exact opposite.

    Is this the Noseweek story on Investec you were refering to, Wynn?
    The trouble with opportunity is it normally comes dressed up as work.

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    Diamond Member wynn's Avatar
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    And others, there have been a few stories on Investec over the last year or so.
    "Nobody who has succeeded has not failed along the way"
    Arianna Huffington

    Read the first 10% of my books "Didymus" and "The BEAST of BIKO BRIDGE" for free
    You can also read and download 100% free my short stories "A Real Surprise" and "Pieces of Eight" at
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    Moderator IanF's Avatar
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    Liberty, they must be spending a lot with Sandton City extensions.
    Only stress when you can change the outcome!

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    Site Caretaker Dave A's Avatar
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    What I'm looking at is a subsidiary of a corporate that apparently is very slow to pay their bills. And I mean very, very slow...
    The trouble with opportunity is it normally comes dressed up as work.

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