Shoprite forced to pay Whitey Basson R1.8 billlion

Shoprite must buy shares to the value of R1.8 billion from former CEO Whitey Basson.

This is in terms a 2003 employment contract that obliges the company to repurchase shares from Basson.

The Money Show’s Bruce Whitfield interviewed Barry O'Mahony, Certified Financial Planner and Founder at Veritas Wealth Management.

O'Mahony has some advice for Basson on how to spend and invest it.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

He’s got to sit back and reflect…

Barry O'Mahony, Veritas Wealth Management

Nobody can argue with his business track record… what’s next?

Barry O'Mahony, Veritas Wealth Management

There’s a huge opportunity [to leave a positive legacy].

Barry O'Mahony, Veritas Wealth Management

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by NEWSROOM AI
Read More
2 best companies on the JSE to invest in now (by Nefg Fund Managers)

2 best companies on the JSE to invest in now (by Nefg Fund Managers)

Not sure which shares to buy? Bruce Whitfield interviews Gerbrand Smit, Chief Investment Officer at Nefg Fund Managers.

Addis Ababa is the busy, booming (but still dark at night) Capital of Africa

Addis Ababa is the busy, booming (but still dark at night) Capital of Africa

Bruce Whitfield interviews renowned broadcaster Lee Kasumba, who is in Addis Ababa, Ethiopia’s booming capital city.

Liberty customer? You’ve been hacked! CEO David Munro tries to reassure...

Liberty customer? You’ve been hacked! CEO David Munro tries to reassure...

The Money Show’s Bruce Whitfield interviews Liberty CEO David Munro and IT security expert Jacques Van Heerden.

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

The Money Show’s Bruce Whitfield interviews the famed and fearless journalist about his money history, hopes and beliefs.

Shoprite's Whitey Basson (South Africa’s best-paid exec, by far) calls it a day

Shoprite's Whitey Basson (South Africa’s best-paid exec, by far) calls it a day

Basson has decided to retire, bringing to a close a wildly successful, 37-year stint at the helm of Africa’s largest retailer.

Recruitment specialist explains Whitey Basson's R100m bonus

Recruitment specialist explains Whitey Basson's R100m bonus

What is it that makes Basson so valuable? The Money Show's Bruce Whitfield interviews Woodburn Mann’s Andrew Woodburn.

Popular articles
[WATCH] Kettle VS Cattle for lobola

[WATCH] Kettle VS Cattle for lobola

Khabazela shares the Facebook , Twitter, and YouTube videos that have social media in a frenzy on What's gone Viral.

Radio powerhouse joins 702

Radio powerhouse joins 702

Richard Nwamba will host a new African music show between 16h00 and 18h00 every Saturday.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

Is the lovable Winnie The Pooh a boy or girl?

Is the lovable Winnie The Pooh a boy or girl?

A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?