JSE green light for vote on new Shoprite board member
Former Pepkor CEO Jan le Roux might join Shoprite’s board, says he will champion black economic empowerment
03 November 2019 - 11:59
The JSE has given Shoprite shareholders the go-ahead to vote on the appointment of a board member, a victory for minority investors seeking to inject retail experience and limit top shareholder Christo Wiese’s possible dominance in Africa’s largest grocer.
The unprecedented nomination by a minority investor of retail veteran Jan le Roux, who has been in the industry for more than two decades, including a stint as CEO of Pepkor in the 1990s, was in doubt as it came four business days before Shoprite’s annual shareholder meeting on Monday...
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