n Personal Finance Newsletter - Alex Forbes' transformation : financial services

Volume 2006, Issue 309
  • ISSN :



Extracted from text ... 12 September 2006 Moneyweb's PERSONAL FINANCE FINANCIAL SERVICES Alex Forbes' transformation A chapter is closed as Alexander Forbes sells its London-based business to turn its focus on Africa By GEOFF CANDY ALEXANDER Forbes' acquisition of 100% of London listed broker Nelson Hurst in 1997 for R600m was the group's big break internationally. It provided it not only with a 36% boost in headline earnings the following year, but also transformed the group into an established international organisation, ranked amongst the top 10, with operations in 30 countries worldwide. A slew of further acquisitions followed on the group's international front, ..

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