Vinpro melts down

Neil Pendock October 25, 2016 1

Roy Cokayne, a writer on Business Times, is well named. His frontpage scoop today headlined “PPC shares spike as Nelson gets appointed” is a cockeyed doozy. “PPC shares advanced as much as 0.17%… before closing unchanged at R5.94.”

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Vinpro CEO Rico Basson, a former bankster, needs to hire Roy to spin Vinpro’s financial results. A 2016 loss of 25.5 bar after last year’s “profit” of R30.5m. But that was after Rico sold some land for R31.6m, so another loss really.

Poor, poor SA farmers, literally. Not only is there the worst drought since the Anglo Boer War, but they’ve been cursed with a bunch of palookas who lurch from one disaster to the next. Time to tell Vinpro, WOSA and the whole box ‘n dice to take a hike. Really.

One Comment »

  1. Boetie Rietoff December 3, 2016 at 11:07 pm -

    Well done. You have just hit the nail on it’s head.

    More comments will be appreciated.

    We need to wake up if we want to save this industry!

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