trouble on the shop floor
Has Shoprite lost its way after Whitey Basson?
On top of major operational challenges that have made Africa’s biggest grocer break all the wrong records came the company’s announcement that it is to buy back the deferred shares of its chair, Christo Wiese, the celebrated dealmaker who almost dragged the business into a disastrous merger with Steinhoff. Has the empire that Whitey Basson built lost its magic, or is it a case of the new order facing new challenges?
07 March 2019 - 05:00