Page 20 - 5.2 i. Manac Finance ITC Summarised Notes

STRATEGY AND GOVERNANCE

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Analytical tools for assessing the feasibility of

strategies

Harvest/Divest

• A business unit will be in the “harvest/divest” category if it is in
an unattractive industry and it is not very competitive. There are

two options for such business units i.e. to sell the business unit
or to harvest the business unit by investing short-term cash flows
as far as possible to ensure the business remains viable.

1. Visit http://bidvest.co.za and read through the entire

Annual Integrated Report 2014 to see practical application
of this section. Refer to page 20 as a prompt.

2. Visit http://mrpricegroup.com

• Go to Investor Relations
• Reports and Results
• 2015 Interim results
• Analysts presentation pages 23–32 to view the application of their strategy

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