Ann Crotty Writer-at-large

Shoprite founder and chair Christo Wiese says there is no plan on the table to deal with his 265-million deferred Shoprite shares, which control 32.3% of the group’s votes.

"People are always talking to me about the deferred shares but there is nothing on the table right now," said Wiese days after the release of a disappointing set of results knocked the Shoprite share price to R116, its lowest level in nine years...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now