JP Snyman, the chair of embattled mall owner Safari Investments, resigned on Tuesday, a move welcomed by minority shareholders who maintain there has been value destruction at the group.

The company has been criticised by its minority shareholders for refusing to accept a takeover bid from Community Property (ComProp) in favour of one from Fairvest, which was lower. They were also concerned about related-party deals, which have been in place since before the company listed in 2014...

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