Market reckons Pembury deserves a jolly good hiding

Business

Market reckons Pembury deserves a jolly good hiding

Private schools company has been acting up of late

Marc Hasenfuss

Things at Pembury Lifestyle Group (https://www.sharenet.co.za/v3/quickshare.php?scode=PEM) – the fledgling private schools company – have gone from ill-disciplined to seriously unruly.

The latest Stock Exchange News Service announcement from Pembury advised that the CEO (and prime mover) Andrew McLachlan has been placed on temporary leave “pending an investigation into various concerns”.

Apparently developments follow the resignation of the financial director, Rian van Jaarsveld, in January 2019, which subsequently caused concerns about compliance and corporate governance...

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