Why Tiger Brands went from darling to dread for value investor Piet Viljoen and his take on SA's Venezuela path

Piet Viljoen of RECM, known to many as one of the last purists out there in respect of value investing, engages in an interesting discussion with Biznews editor-in-chief Alec Hogg about Tiger Brands’ decline and massive brand erosion over the last decade due to the poor acquisition strategy the company adopted when it was fashionable back in 2010. Viljoen argues that Tiger Brands is the poster child for the divorce of executive remuneration with company performance. The discussion evolves into the probability of SA going the Zimbabwe/Venezuela rout, a look at the prospects of investment in South Africa after Covid-19 and Viljoen offering advice for the South African investor, should the predictions of a potential economic tailspin not materialise. - Nadya Swart