Shoprite, one of the first SA companies to expand into Nigeria is pulling out after 15 years, a huge change in the long-term strategy pushed by former CEO Whitey Basson.
Shoprite has backtracked on a decision to fire 3,000 striking workers in Zambia after the government threatened to revoke its licence, Labour and Social Security Minister Fackson Shamenda said on Thursday.
“We told them we would revoke their trading licence … Read the rest
Comfortably now past retirement age, there have been murmurs for years that sooner or later, Basson must surely hang up his hat.
And once the man who … Read the rest