Spar's board backed its chairman in May. On Monday he resigned.
Mike Bosman and deputy chair Shirley Zinn both left the Spar board on Monday, three months after the store owners asked for Bosman to go and were turned down.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
Sanlam Investments handed R400bn of assets to Ninety One - and it’s betting on two ideas for its next phase
Chief executive Carl Roothman says index funds and lending outside the banks carry the next decade, with a 2022 rule change on offshore limits behind the whole move.
The developer behind some of South Africa’s biggest apartment estates is leaving the JSE after 11 years
Balwin's founders and the fund that pays government pensions are taking the company private, and analysts say listed home builders have run out of road.
Blu Label’s earnings have plunged more than 80% after its Cell C deal - but it says accounting is to blame
The prepaid airtime group blames accounting for an earnings drop of more than 80%, then published a Cell C-free version that lands lower still.
Big story
Shell has lost its Wild Coast exploration right, and the renewal route with it
The Constitutional Court set aside the right Shell and Impact Africa have held since 2014, holding that more than R1 billion already spent cannot outweigh how badly the law was broken in granting it.
Uber and Pony.ai are putting 2,000 driverless taxis into Europe and will not say where
Four new European cities on top of Zagreb, no names, no timeline, and a plan to extend the same partnership into the Middle East.
Truworths told the market its sales and earnings both fell, and the share rose 5%
Group retail sales for the year to 28 June slipped 0.9% to R21.8 billion, and the company says a consumer recovery that started in February was overtaken within days.
Edward Kieswetter left the tax office in April and by May was running his own company
The former SARS commissioner has founded vEKtor Solutions Laboratory, a firm he pitches against the traditional consultancies he says are becoming irrelevant.
SAA's third chief executive in four months started on Friday
The board put acting group CEO Matshela Seshibe on special leave with immediate effect, gave no reason beyond a governance statement, and handed the job to its chief legal officer.
Claude is about to hide a watermark in everything it writes, and some users are furious
Anthropic is embedding an invisible, machine-readable mark in Claude's text to meet a new European law, and it travels with your words when you copy and paste.
Big story
Shoprite's Sixty60 is becoming a business big enough to list on its own
Checkers Sixty60 sold R25.5 billion of groceries last year, growing nearly five times faster than Shoprite's supermarkets, and this week it gave its AI assistant a voice.
The company behind PayJustNow skipped its dividend as bad debts piled up
Weaver Fintech grew revenue 10% to R2.8 billion, but a 62% jump in bad-debt costs and a debit-order glitch pushed earnings lower and the payout to zero.