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Whitey Basson on The Money Show with Bruce Whitfield

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Meet Whitey Basson (the retail guru who turned Shoprite into an R127bn behemoth)


Love or hate him; former Shoprite CEO Whitey Basson is a retail genius.


Basson led Shoprite from 1979 to 2016.


It grew under Basson from eight tiny stores with a combined value of R1 million into Africa’s largest retailer, with a market cap of R127 billion.


Basson was, until his retirement at the end of last year, South Africa’s best-paid executive, by far.


In 2016; Basson’s remuneration totaled R100.1 million.


Shoprite was also compelled to buy back shares from Basson to the value of R1.8 billion.



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