Investment giant in trouble?

[Dave A]

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.

[Chrisjan B]

Can it be ABSA - no it can't be ABSA is a bank...

[eitai2001]

Dave PM me a name ... I'll see if I can find out anything from an auditing perspective.

[wynn]

Noseweek says Investec is in trouble, is that what you don't want to hear?

[Dave A]

Keep looking...

[Chrisjan B]

What is this - a clue to a treasure hunt?

[Dave A]

I wish it was a treasure hunt. Probably the exact opposite.

Is this the Noseweek story on Investec you were refering to, Wynn?

[wynn]

And others, there have been a few stories on Investec over the last year or so.

[IanF]

Liberty, they must be spending a lot with Sandton City extensions.

[Dave A]

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...

[Martinco]

Come on Dave,

You are making us nervous ! Give some more hints. The quicker we know the better as it might affect some of us.

[IanF]

Dave, now I see Sandton City has a fire link
I am sure it is out by now! Will this delay payment more for you?

[Dave A]

Come on Dave,

You are making us nervous ! Give some more hints. The quicker we know the better as it might affect some of us.

So far it's me and the company of an acquaintance - barely hard evidence confirming a major problem. And there's no evidence of a problem in the public financial reports. So I regret nameless it will have to stay for now.

Rest assured if I get more conclusive evidence I'll be sure to share the info.

[Martinco]

So far it's me and the company of an acquaintance - barely hard evidence confirming a major problem. And there's no evidence of a problem in the public financial reports. So I regret nameless it will have to stay for now.

Rest assured if I get more conclusive evidence I'll be sure to share the info.

Ok, I shall hold my breath !

[flaker]

prize?

i'm more anxious to know what PRIZE is offered to the first person getting it right?