Were SA companies too hasty in looking for growth offshore?

Anchor Capital's CEO Peter Armitage says that local firm’s attempts to diversify by going offshore may have wiped out about R300bn in shareholder value over the past decade. He believes that many companies overpaid in desperation to diversify and points to Sasol, Woolworths and Brait as the biggest culprits. Business Day TV spoke to Armitage for more detail.