In certain cases, they plan to transform some of their strategic investments into portfolio investments. Sankorp has indicated it could retain its holding in SAD as this will complement Sanlam's drive into managed healthcare, an area seen as having growth potential. Some sources say Rembrandt is interested in buying into both Kohler and Foodcorp. Beningfield confirms that Kohler, among others, is a potential buyer for MY Holdings while names like Irish-based packaging group Smurfit and locals such as Consol, Nampak and Amic are said to be chasing Kohler. Speculation continued this week about likely buyers, especially for the unlisted groups.
Talk also dwelt on management buy-outs and black empowerment deals.
Hurt by illegal imports and lower margins, it turned in losses of R34-million.