Ann Crotty Writer-at-large

Months after Shoprite shareholders blocked a bid by chair Christo Wiese to bank a R3.4bn payout for his controlling stake in Africa’s largest grocery retailer, a group of concerned investors has made a bid to beef up the board.

But the unprecedented bid by shareholders to nominate a director to the board at the annual general meeting on November 4 might be thwarted by the JSE listing requirements.

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