New York, NY – As Africa-Israel’s share plunged 25.5% today, the company’s controlling shareholder was expressing optimism about the future.
Subscribe to our Daily Roundup Email
Africa-Israel Investments controlling shareholder and chairman Lev Leviev was not bowed by today’s events. Despite losses of NIS 1.52 billion in the second quarter, reported debts of NIS 10 billion, a dramatic announcement that a new settlement would be reached with bondholders regarding debt and a plunge of 25.5% in the share’s price today, Leviev was expressing optimism about the future.
He said, “I am here with my head held high and optimistic. We have nothing to hide or be ashamed about. Africa-Israel is proud of its employees and its investors.”
When Leviev was asked where Africa-Israel had gone wrong he replied, “I like to concentrate on the future. What has happened has happened. But our main mistake was the investments in the US.
He said, “I have been working 20 hours a day since the beginning of the crisis. We are well managed and I am convinced that we will successfully get through this latest crisis. I haven’t stolen or deceived anyone and have done my best and many people have made money from Africa-Israel’s share.”
The article doesn’t say that their involvement in constructing new settlements in the West Bank has made most UK and some US equity funds dump their shares and refuse to deal with them. They really don’t seem to care about their shareholders.
Hashem is in control of everything. i’m sure He will help these people because THEY help so many other people.
I am not onr to say that pious davening makes up for fraud and bad behavior.
I will say that I saw Mr leviev at davening many times (at his Jerusalem Hotel) and I learned what it means to behave and daven seriously. I imagine that he has not defrauded anybody nor mislead anybody.
Let’s daven that all goes good.
1st: a honest jew… we should support him
2nd: I know him personally.. a”Taiere jid”
3rd: He gives large amounts of sums of tzedaka..
4: if he goes down so does the israeli economy…
Let daven for our friend… I’m sure he’ll do just fine.
This great man Lev Leviev wanted to do business in the USA. What happened? Pro-PLO NY liberals and communist Jews and Gentiles picketed his NYC jewelry store and upset the whole street. They used disgusting racist tactics because they hate a Strong Israel and proud Yidden. NYC yidden should have countered these communists but they did not. Now the future of NYC Yidden is in trouble because these communists are emboldened. Look at Post #1 here above. It makes me sick to see that communists are monitoring VIN. Yidden, we must stand strong or we will all fall against this new political reality.
Remember! Debt is like a time bomb. Banks are eager to lend when you’re riding high. However, that doesn’t mean you should take the money. The businessmen with staying power are the ones that build slowly and methodically. They eschew debt and invest conservatively. That is, within their means. They may not achieve glory, but their wealth is rock solid.
his problem is investing in the uk just like the riechmans dont blame the u. s.