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
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.
Recommendedby THE NEWSROOM
The Money Show’s Bruce Whitfield interviews Wits economic researcher Gilad Isaacs.
The Money Show’s Bruce Whitfield interviews Woolworths CEO Ian Moir.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.
Basson has decided to retire, bringing to a close a wildly successful, 37-year stint at the helm of Africa’s largest retailer.
What is it that makes Basson so valuable? The Money Show's Bruce Whitfield interviews Woodburn Mann’s Andrew Woodburn.
Sunday Times journo Thanduxolo Jika who broke the front page story about the Gupta family emails vouches for their authenticity.
Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.
The EFF lawyer stole the show during the state capture report court battle.
Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.
Bruce Whitfield interviews the razor-sharp tongued Vestact MD Paul Theron about his money hopes, fears, successes, failures, etc.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...