Choosing between listing on the JSE or remaining independently owned is multi-dimensional
With only 20 of the 370 listed companies in South Africa being headquartered in KZN, The Sunday Tribune Business Report recently released an article which discusses why KZN appears to perform in the shadows of Gauteng in terms of the number of JSE listed business entities.
Wessel Jacobs, CEO of Jacobs Capital – a Durban Head Quartered Private equity firm, and the company responsible for crafting the buyout of Masonite, the oldest listed company on the JSE, feels that the decision to list is always multi-dimensional, and that geographies play a lesser role in decision making. Furthermore, he feels that consideration on whether to investigate alternative funding mechanisms to ensure sustainable growth always needs to be carefully considered. He commented that while the JSE historically served as more of a measure of influence, that there are many other important factors which also need to be considered.
Wessel recommended that greater consideration needs to be given to each business’s long-term sustainable growth and individual funding requirements. Current trends indicate that private equity investment or organic growth strategies are currently prevalent.
Jacobs Capital is an established Private Equity firm, that boasts a national footprint and a Head Office in Durban.
Click here to read the full Sunday Tribune Business Report article.