# @globalnomad2030 on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DbTL0aFmMq0
- **Gondola URL:** https://gondola.cc/posts/68329824-globalnomad2030-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/2ad8f86476.jpg
- **Posted:** 2026-07-27T14:32:06.000+00:00
- **Account Owner:** Julius Besiole David (@globalnomad2030) — https://gondola.cc/globalnomad2030

## Caption

Pick n Pay pulled off the biggest IPO in Africa in 2024. It was a rescue.

Two straight years of losses, debt climbing. So it raised R4 billion from existing shareholders in August, then listed Boxer, the one part of the business actually growing, on the JSE in November for R8.5 billion. Debt cleared.

Private equity has a name for this. A crown jewel carve out. You cannot sell the weak business, nobody wants it. You float the strong one.

So when a company lists its best asset, is that ambition, or the last door left open?

#PicknPay #Boxer #JSE #SouthAfrica #GlobalArbitrage

## Stats

- **Views:** 2,057
- **Likes:** 179
- **Shares:** 0
- **Comments:** 5

## Tags

picknpay, jse, boxer, southafrica, globalarbitrage

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