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 NEWSROOM AI
Not sure which shares to buy? Bruce Whitfield interviews Gerbrand Smit, Chief Investment Officer at Nefg Fund Managers.
Bruce Whitfield interviews renowned broadcaster Lee Kasumba, who is in Addis Ababa, Ethiopia’s booming capital city.
The Money Show’s Bruce Whitfield interviews Liberty CEO David Munro and IT security expert Jacques Van Heerden.
The Money Show’s Bruce Whitfield interviews the famed and fearless journalist about his money history, hopes and beliefs.
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.
Khabazela shares the Facebook , Twitter, and YouTube videos that have social media in a frenzy on What's gone Viral.
Richard Nwamba will host a new African music show between 16h00 and 18h00 every Saturday.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.
Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?