Shoprite shareholders yesterday (03/06/2019) moved to dilute chairperson Christo Wiese’s influence in the group, cancelling consideration of a potential acquisition of all deferred shares in Africa’s largest food retailer.
Standard Bank announced the full list of branch closures. Earlier this year, Standard Bank said it would close 91 of its branches. But this has now been increased to 104 – 17% of all its branches. Gauteng will be worst hit, with 49 branches due to close by as early as this month.
Ram Harisunker this month celebrates 50 years with the Shoprite Group in a distinguished career which took him from receiving clerk to main board director.
The nationwide search for the country’s very best boerewors is on and boerie enthusiasts who believe that their recipe has what it takes are invited to enter the annual Championship Boerewors competition by Friday, 21 June.
The granny who was severely injured when she crashed her shopping trolley on the driveway of the Kolonnade Shopping Centre north of Pretoria is suing Woolworths for R570 000 in damages.
Shoprite founder and chair Christo Wiese is adamant there is no room for negotiation around the terms of a proposed share repurchase scheme that is set to net him R3.5bn.
