Brait chief executive talks the turnaround story on results day

Once the darling of the local bourse, Brait's fall from grace over the past few years has been short of disastrous. The private-equity powerhouse turned debt-laden investment house has left a sour taste in many portfolio managers mouths, with value destruction totalling hundreds of billions of rands. Peter Hayward-Butt has the unenviable task of getting the once juggernaut back on track and formed part of the BizNews Power Hour on results day. Peter, an ex-investment banker and also chief executive of Ethos Private Equity, was quietly confident on the performance of the underlying businesses throughout the Covid period, maintaining that company has a number of quality businesses within the Brait stable. Learn more about your ad choices. Visit megaphone.fm/adchoices