Shoprite Here is now a thing
When the time comes, we will embark on a 12-city retrospective tour, with bejewelled elephants, sword swallowers, troupes of performing monkeys and, this being Africa, a highly-regarded Mbongi to tell of the man’s feats. But we’re not ready to go there yet, so we simply note here that the Shoprite Group has announced that Whitey Basson will be retiring at some unspecified time in the relatively distant future, after a leisurely handover period with his appointed successor Mr Peter Engelbrecht … what? What?!! In fact, he is bailing at the end of December, of this year nogal, which tells us one of two things: 1. That the decision has been taken in some haste, for reasons which are not yet clear, or the more likely 2. That Shoprite decided on the transition a decent while ago and conducted the handover with typical (and enviable) discretion. Engelbrecht has been with Shoprite for 20 years, most recently in the role of COO. Whitey will be on tap to help him and the team through any rough spots.
Comment: Whether Engelbrecht – or anyone – could match The Great Man’s turn of phrase at an analyst presentation is doubtful.