A bad week for Brian Molefe
Molefe might, understandably, be sobbing into his pillow at the news that Eskom and the Special Investigating Unit want to try to claw back R3.8bn stolen from the utility under his reign as CEO
06 August 2020 - 05:00
A good week
Good company news stories amid the Covid gloom are as elusive as a fair PPE tender, but Shoprite has just defied the worst trading conditions in living memory to produce a 6.4% rise in full-year sales to R156.9bn. That’s no mean feat for CEO Pieter Engelbrecht and his team — though cynics could argue that there’s no money left but for the food shop at your local Checkers. Still, Shoprite is slashing debt and is also set to withdraw from Nigeria — a tough call but probably the best for its shareholders...
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