Professor Tim Noakes was being used by the Health Professions Council of South Africa (HPCSA) as a “guinea pig” to test waters on guidelines for the conduct of health professionals on social media, which did not exist.
Consumers are not the only ones who have to tighten taps in Cape Town. As South Africa’s ‘Mother City’ approaches dreaded Day Zero which has been estimated to occur in May 2018, retailers and shopping centres too, have to rethink their strategies to ensure survival.
Former Shoprite Holdings CEO Whitey Basson says he vouches for the honesty of his friend and fellow Shoprite shareholder of many years, former Steinhoff chairman Christo Wiese, and will assist the collapsed furniture, apparel and home products retailer if he can.
Steinhoff International Holdings chairperson and largest shareholder, South African billionaire Christo Wiese, is stepping down from the supervisory board after an accounting scandal engulfed the retail giant.
CEO Ivan Saltzman, executive Stan Goetsch and director Niall Hegarty sold 32-million shares. Pharmacy group Dis-Chem has raised R1.1bn to fund its expansion, but the news failed to impress shareholders.
Dual-listed retail holding company, Steinhoff moved into damage control mode on Thursday as it attempted to assure investors of its liquidity amid rumours of debt issues.
Africa's biggest food retailer, Shoprite, confirmed that Steinhoff Africa Retail (Star) had exercised the call options to acquire a 23.1percent economic stake in and a 50.6percent voting control of the company.
