End of Safari for JP Snyman as minority shareholder camp wins

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End of Safari for JP Snyman as minority shareholder camp wins
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Safari chair Philip Snyman resigns

JP Snyman, the chair of embattled mall owner Safari Investments, resigned on Tuesday, a move welcomed by minority shareholders who maintain there has been value destruction at the group.

The company has been criticised by its minority shareholders for refusing to accept a takeover bid from Community Property in favour of one from Fairvest, which was lower. They were also concerned about related-party deals, which have been in place since before the company listed in 2014.

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BDliveSA /  🏆 12. in ZA

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