Alec Hogg: Piet Viljoen regains his mojo
It's a decade since we said farewell to the late Dr Ivan May, a man I got to know through our shared passion for Joburg's Radio Today community station. An intellectual giant (MSc, PhD and MBA – all from Wits) Ivan was a fighter with a splendid turn of phrase. He never shirked from confrontation – one of his favourite sayings being "revenge is a dish best served cold."
I'm not sure whether Piet Viljoen ascribes to that philosophy, but given our long history it's a delight to see how this veteran asset manager picked himself up after public humiliation five years ago. Among his detractors back then was straight-talking Magnus Heystek who said Viljoen's under-performing RECM did not deserve any of his clients' money. Nedgroup agreed and in November 2015 terminated Piet's 12 year custodianship of its then mighty Managed unit trust.
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