UK 07:56 Wednesday, 7 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Yusuf Kajee of Afriag (AFRI) has yet to answer any of the questions I sent him over Christmas. Now here is another for him: "When were you going to tell us about your Court case in South Africa on 20 January?"
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Comments
doc h
Ouch!
Drunken Sailor
Come on Tom admit it, you were waiting for Zac to tip it before you published.
Has AIM Reg really turned over a new leaf? They did not give a toss that NBU’s CEO was running the company from prison. Will they care about a couple who are only under investigation / just starting the trial process who are not even on the board of the AIM listed dog?
We shall see what influences the Shareprice most, Zac’s reading of the tea leaves or the really serious issues you raise. So far you seem to be winning over the tea leaves reading – down 9.3% since publication but on tiny volumes.
Duck and Dive
The wheels of justice turn slowly in South Africa. Operation Honey Badger has been preparing its case for the past three years and it could be a long time before a verdict is reached on Kajee and others under investigation – including Mark Lifman, the gangster Jerome “Donkie” Booysen, drug dealer Glen Agliotti, Adriano Mazzotti of ciggy manufacturer CarniLinx (Pty), Kajee’s Delta Tobacco – now trading as Amalgamated Tobacco Manufacturing (ATM) – and John Bredenkamp, owner of Zimbabwe baccy firm, Masters International. Kajee owes (or owed) Bredenkamp R20m and AFRI shareholders will be hoping that their 188m share investment in Afriag SA hasn’t been used to pay off this debt.
Things don’t look super-rosy for your cyber-chum Kajee; but he is still a free man and until either he or PdR are convicted of something, I don’t see what Cairn or AIM Regulation can do about it. Even if Kajee goes to jail and ATM is closed down, wouldn’t Disingenuous Dave simply claim to have been the victim of a fraud, rather than the perpetrator? At least, that might have washed if he had come clean to shareholders last year about his non-appointment to the Afriag (Pty) board…
BobbyChariot
Dis gon b gud!
http://gph.is/11S9txj