Shoprite CEO, Whitey Basson announced his retirement

The long-serving CEO of Shoprite, Whitey Basson, has announced his retirement today. It coincided with a rise in the shareprice of the retailer, but that was on the back of strong quarterly sales.
Basson has been at the helm of the retail group for four decades.
His remuneration has been controverssial of late but he has also been praised for his entrepreneurial efforts, taking the company from eight stores to a multi billion rand company. The markets seem to be confident in his replacement, Pieter Engelbrecht, who is the current Chief Operations Officer.
For more news, visit: www.sabc.co.za/...

[@mvumenimzimela3590]

😂😂😂 "I can run Shoprite like SAA and get paid small salary.