Investors make up for lost time with iconic luxury watches
Before so much as accepting the trophy at the end of a grand slam, tennis stars like Jannik Sinner and Carlos Calcaraz snap on a Rolex Cosmograph Daytona – a watch that has become synonymous with tennis. Formula 1, on the other hand, is a little more diverse with...
Auctions reflect economic trends in action says High Street Auction Co.
The auction floor today is where the rubber of economic theory meets the road of investor sentiment, says Greg Dart, a director of High Street Auction Co, a pioneer in the South African auction space. Speaking ahead of High Street’s latest multi-property auction...
The Reserve Bank’s Monetary Policy Committee cuts the Repo Rate
The decision by the Reserve Bank Monetary Policy Committee to cut the repo rate by an expected 25-basis points is to be welcomed. Since September last year, the Monetary Policy Committee has remained cautious, keeping a strong hold on borrowings in light of ongoing geopolitical tensions and economic uncertainty.
From fire sales to strategic restructuring: The High Street Auction Co rethinks disposal of assets in the modern age
Companies like The High Street Auction Co – better described as a structured sale specialist – have an invaluable role to play when disposing of an asset and restoring liquidity through business rescue.
It is in this spirit that Greg Dart has led High Street Auction Co to work closely with George Nell and Gideon Slabbert of the Corporate Business Advisory in what has up until now been referred to as ‘Project X’ – the now approved business rescue plan for The Success Academy which has a corporate portfolio with a replacement value in excess of R3 billion.