Jean Pierre Verster: Advice on Naspers offshore listing, property – and Abil

Biznews community members love Jean Pierre Verster, rating him one of their most popular investment commentators. And he certainly didn't disappoint in this week's episode of Rational Radio. In this fascinating interview he explains why five years after the collapse of Abil, the story isn't over yet – especially not for Preference Share owners. He also unpacks the options available to Naspers shareholders on the listing of its offshore assets in Amsterdam; and takes a close look at SA's bombed out property sector. – Alec Hogg

Well it's always a good night when one gets to talk to Jean Pierre Verster. Last time we met was in London. You've moved on since then. Now you have your own business, Protea Capital Management, you're also having a look back on the whole Abil story and there are a few things I'd like to pick up with you. You're one of the most popular investment managers with the business community. People just love you and the fact that you are on the show is a great thing for our community. Just to go back a little bit on the Abil story, you went short on Abil long before the collapse. We've subsequently seen that they've now sold last week – Stangen for hundreds of millions of rands. They've also got this thing called African Phoenix. There's still no new African Bank that's coming in but if one had held on to Abil shares right through the whole process how would you be sitting right now.

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