We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

SA’s largest food retailer Shoprite will place 40-million shares into an employee trust over the next ten years in a BEE transaction that aims to ensure all permanent workers of two years or more receive a dividend payout as if they owned the shares. 

About 126,000 workers will benefit financially from the scheme, but they will not take ownership of the shares which will remain in the trust. ..

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now