Long4Life is an investment holding company that is listed on the JSE Limited
Latest News and Corporate Documents
- SENS: Further Cautionary Announcement - external link
- 15 August 2017
- SENS: Notice of AGM - external link
- 27 July 2017
- SENS: Submission of resolutions to Long4Life shareholders in terms of Section 60 of the Companies Act - external link
- 25 July 2017
- SENS: Joint Announcement of the Firm Intention Offer by Long4Life to Acquire the Entire Issued Share Capital of Holdsport - external link
- 25 July 2017
- SENS: Acquisition by Long4Life of Sorbet Holdings Proprietary Limited (“SORBET”) - external link
- 14 July 2017
Circulars & Notices to Shareholders
- Notice of AGM - external link
- 27 July 2017
- Form of Proxy - external link
- 27 July 2017
- S60 Notice of Proposed Resolutions - external link
- 25 July 2017
- Pre-Listing Statement - external link
- 31 March 2017
Annual Financial Statements
- Audited annual consolidated & separate financial statements for the period ended 31 March 2017 - external link
- 26 May 2017
In the Media
- Video: CNBC Africa interview with Brian Joffe - external link
- Brian Joffe’s Long4Life to acquire Holdsport
- 26 July 2017
- Business Day: Company Comment - external link
- 26 July 2017
- Bizcommunity: Brian Joffe's Long4Life acquires Sorbet beauty chain - external link
- 17 July 2017
Long4Life is an investment holding company that will seek to generate superior returns to its shareholders over the medium to long term.
Long4Life plans to invest primarily in businesses with attractive growth prospects, led by strong, entrepreneurial-minded management teams. The Board, who collectively have a wealth of operational and deal-making experience across various industries, will be responsible for capital allocation and will play an active role in identifying and executing approving attractive investment opportunities.
Long4Life aims to operate a decentralised management structure, providing financial, strategic and management support to its investee companies. Long4Life’s intention is to take a long term view on investments, while retaining the flexibility to dispose of investments which no longer meet the investment criteria and the agility to take advantage of opportunities as they arise.
Long4Life’s primary focus will be on acquiring equity interests in businesses which meet some of the following characteristics:
- a proven track record;
- strong cash flow generation;
- market leading brands;
- capital light businesses;
- businesses with attractive growth prospects;
- businesses with the opportunity to consolidate their respective markets;
- established market position; and
- experienced and entrepreneurial management.
Board of Directors
Brian Joffe: Chief Executive
Brian founded the Bidvest Group in 1988, where he served as Executive Chair until his appointment as Chief Executive in 2004. Brian has since stepped down from his role at Bidvest in 2016. A Chartered Accountant by qualification and historically having served on multiple company boards, Brian has over 33 years of South African and international commercial experience. He was acknowledged as one of the Sunday Times’ top five businessmen in 1992 was listed as one of the top 100 Africans of the Year in the Africa Almanac in 2001. Amongst numerous other awards received, Brian was voted the Sunday Times’ Businessman of the Year in 2007, awarded an honorary doctorate in 2008 by UNISA as well as the University of the Witwatersrand, and selected in 2010 by Wits Business School Journal as one of South Africa’s top 25 business leaders, having made a significant impact on business in South Africa. Brian was further listed by Forbes Magazine as one of the 20 most powerful people in African business.
Kevin Alexander Hedderwick: Chief Operating Officer
Following his retirement as Group Chief Executive of Famous Brands Limited on 29 February 2016, Kevin was appointed Strategic Advisor to Famous Brands for a twelve-month period. In his former position as Group Chief Executive, Kevin’s primary remit was Group Strategy with an overarching focus on growth of the business and unlocking value for stakeholders. Throughout his career Kevin has built a reputation for being a tough, hands-on, and highly effective business leader, particularly in turn-around or acutely competitive situations. He prides himself on being self-taught and a graduate of the University of Life, although he will admit to having gained his informal “MBA” during his career at SABMiller, which spanned 10 years. In 2000, Kevin joined the listed company Steers Holdings, as it was then known, as Managing Director of the Steers brand. Shortly thereafter he was appointed Chief Operating Officer of the Group, and in 2010 assumed the position of Chief Executive Officer. In 2013, he was appointed Group Chief Executive. He is widely credited with turning the small family business with a market capitalization of R35 million in 2000 into the R15 billion company it is today, comprising a fully integrated food services business consisting of best-in-class brands underpinned by significant manufacturing and logistics operations. Famous Brands, the product of a name change and business-wide transformation project initiated by Kevin, is today representative of in excess of 25 brands, 2782 franchised restaurants, employs 5618 people and has a presence in South Africa, 15 other African countries, the UK and Middle East. The business has frequently featured in the Financial Mail and Business Times’ Top 100 Companies awards and currently holds Royal Company status, as defined by the Business Times. Kevin’s professional career is steeped in experience gained in the hospitality industry, commencing with Distillers Corporation, which he joined as a young man in the position of merchandiser, and graduated over time to Group Marketing Director. Upon leaving Distillers Corporation, Kevin joined SABMiller and during his tenure with that group held a number of General Management positions. Kevin is a Non-Executive Director of Famous Brands, and also serves on the board of Holdsport Limited.
Peter Riskowitz: Chief Financial Officer
BComm, BAcc and CA(SA)
Mr Riskowitz, who holds BComm, BAcc and CA(SA) qualifications, commenced his career with Investec Bank Limited and has since held various CFO positions, predominantly in listed environments. Mr Riskowitz has over 28 years commercial experience encompassing senior financial management, corporate finance and executive management, 19 of which have been within the Allied Electronics Corporation Limited (“Altron”) Group, most recently in the position of Group Executive: Corporate Finance at Altron.
Independent Non-Executive Directors
Graham Wayne Dempster: Chairperson
BCom, CA(SA), Harvard Business School, INSEAD AMP
Graham has previously served as an Executive Director of the Nedbank Group and Nedbank Limited, as well as being the past Chief Operating Officer of the Nedbank Group. He has served on various committees within the Group, including the Board Group Credit sub-Committee, Chairman of the Asset and Liability Committee and the Nedbank Brand Committee. He serves as a Non-Executive Director on the board of Imperial Holdings Limited, Telkom SA SOC Limited and AECI Limited. Graham has over 35 years’ experience in the banking industry, both in South Africa and internationally. Graham holds AMPs from Harvard and INSEAD.
Tasneem started her career at Deloitte & Touche in Kwa-Zulu Natal. She then moved to the University of the Witwatersrand, as a lecturer in auditing from 2003 to 2006. Tasneem subsequently rejoined Deloitte as a Partner from 2006 to 2014, and is a former member of the Deloitte South Africa board. Tasneem currently serves as a non-executive director of Absa Bank Limited, Absa Financial Services Limited, Reunert Limited and a non-trustee member of the audit committee of Momentum Health.
Lionel has previously served as an Executive Director of The Bidvest Group Limited, retiring three years ago. He still serves as a non-executive director on some of the Bidvest divisions. He is currently Independent Non-Executive Chairman of Vunani Limited, chairman of its nomination and remuneration committees. He has 30 years’ experience in BBEEE transactions. Currently he is also Chairman and Director of Specialised Solar Systems and also Powerhouse Africa both in the Renewable Energy and Infrastructure sectors.
Colin Stanley Datnow
Colin has had an active role as an entrepreneur in the distribution industry for over 40 years. Colin is the founder and former Chief Executive Officer of Brandcorp Holding’s Limited which is focused on the distribution and retailing of branded consumer and industrial products to a broad spectrum of the market. Colin is also the founding member, shareholder and a Non-Executive Director of the Cosyro Group of companies. In addition, he serves as chairperson to one of South Africa’s largest Public Benefit Organisations.
Jason Paul Joffe
Jason has been an entrepreneur in both IT and Media Advertising industries. With a strong media background and keen focus on the media industry, Jason also has an interest in the Education and Property sectors.