ANN CROTTY: A growing sense
So many reasons to despair at the conduct of business
It was late on Friday afternoon, and I was beginning to believe that business leaders in this country have the political leaders they deserve. Perhaps we do need a bit of radical economic transformation. It could have had something to do with listening to Net1 CEO Serge Belamant wax lyrical for an hour about the wonders of financial inclusion. Or perhaps it had to do with the national consumer tribunal fingering yet another credit retailer (Edcon) for allegedly charging customers fees for membership of a club of dubious use. Edcon is fighting the allegation and has suspended new membership applications — or at least that’s what they told me when I tried to join a day after the announcement.It might even have had something to do with Christo Wiese’s controversial plan to repurchase Whitey Basson’s 8.7m Shoprite shares at what looks like a record (or past 12 years’) high for the share price. The proposed repurchase opens up tracts of valuable virgin territory for the "monkey-see monke...