Changes ahead?

Changes ahead?

There is lots of corporate activity to read about this week - 'inactivity' however in the case of the Competition Tribunal declining the purchase of 84% of Moresport shares by Massmart. The verdict surprised me but I am convinced that Massmart will oppose the decision.

There are rumblings in the Shoprite camp, with terms like "De-listing" and "BEE" being bandied about. If a delisting is on the cards then it’s probably going to be a fairly expensive one with the share price having risen by 28% in the last year. Christo Wiese masterminded the "favourable" Pepcor delisting - perhaps he has a similar vision for Shoprite. If not, perhaps we will have an empowered retailer in the near future.

Craig Ballantyne
craig@fastmoving.co.za

Please feel free to make comments or raise new issues by emailing the editor
editor@fastmoving.co.za

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