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Rebosis founder and CEO Sisa Ngebulana is set to step down at the end of November in the wake of the group inking a R6.3bn deal aimed at tackling a debt burden that dwarfs its current market value.

Ngebulana had been roped in by the group’s board in April 2018 as it battled with the fallout of its investment into a Brexit-hit UK, while there had also been apparent differences over strategy, with the Rebosis founder in favour of a retail-focused fund...

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