Philips had light bulbs as their core business for so long. They are now the largest manufacturers of medical and diagnostic equipment.
Hitachi started in consumer electronics and now they are in over 20 disciplines including Financial services such as insurance etc. They are also the ones that built the Bullet Train in Japan and are upgrading the entire railway network in England.
For most of these companies, and for Equity, the largest drive is to trend on areas that present the largest opportunity and more so to keep your funds together. There is no point for someone taking money from Equity to go pay for healthcare. If Equity can ensure that the money you take for healthcare is spent in an Equity health facility, Equity wins both sides. Health and Education are some of the primary cost areas for the common mwananchi and that is the league that Equity needs to play in. That is why in my unsolicited opinion, i would 100% support EGF to start also Equity Academies so that we give school fees money to parents to spend in Equity Academies.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch