In the furtherance of its broad-based black economic empowerment objectives and as previously described in, inter alia, the following Barloworld announcements: Proposed Broad-Based Black Economic Empowerment Transaction dated 19 November 2018, Results of General Meeting dated 15 February 201
South African grocer
Shoprite is to buy back deferred shares held by its
chairman Christo Wiese to simplify its voting structure but
substantially curbing Wiese's influence in the company he helped
turn into an African powerhouse.
Revenue from continuing operations increased to R8.428 billion (2018: R8.354 billion), gross profit dropped to R1.667 billion (2018: R2.682 billion) and operating loss before interest and equity-accounted loss or profit was recorded at R2.878 billion (2018: operating profit of R784.2 million