Wiese to loosen grip on voting rights at Shoprite
27 February 2019 - 05:10
Billionaire Christo Wiese is loosening his grip on Shoprite, the company he helped turn into the biggest food retailer in Africa after taking control of it almost four decades ago. On Tuesday Shoprite said it is in discussions with 77-year-old Wiese to unwind a holding structure that gives him a third of the voting rights, even though he holds only 16% of the ordinary shares. If you are already a subscriber, please click on the following link to go to the full article: Wiese to loosen his grip on Shoprite If you would like to subscribe to BusinessLIVE to read the full story, please click here.
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