Sars boss may be trapped aboard Shoprite for months
Edward Kieswetter may be stuck as independent director until Wiese’s deferred shares issue is finalised
Edward Kieswetter, who has been untangling himself from corporate positions ahead of taking over the SA Revenue Service (Sars), may have to stay on Shoprite’s board for several months while the high-profile proposal to repurchase deferred shares owned by Christo Wiese is being finalised. Kieswetter, who as the lead independent director on the Shoprite board would have been responsible for leading the independent board’s deliberations on the proposed repurchase, told Business Day on Tuesday that he had sent a letter of resignation to Wiese, who is Shoprite chair. If you are already a subscriber, please click on the following link to go to the full article: Sars boss may have to stay on Shoprite board If you would like to subscribe to BusinessLIVE to read the full story, please click here.
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