Piet Viljoen on latest JSE’s takeover: “SA shares not undervalued, they’re in bargain basement bin”

Piet Viljoen, fund manager of the Merchant West Value Fund, shares his insights into the trend illustrated by today’s takeover offer for Metrofile, whose 30-year JSE listing looks to be coming to an end. Viljoen says many JSE-listed companies, especially those worth under R20bn, are “not undervalued….…….in the bargain basement bin” and explains why he expects the growing takeover trend to accelerate. He spoke to BizNews editor Alec Hogg

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