logo

Why suspended Choppies CEO believes he will be reinstated next month

PUBLISHED: Fri, 16 Aug 2019 11:23:45 GMT

Share

Botswana supermarket chain Choppies plans to exit its South African operations. The retailer has been battling several mishaps since last year when its shares were suspended on the JSE and Botswana Stock Exchange over the delayed submission of its results. In May its CEO was suspended over allegations of accounting irregularities now an extraordinary general meeting will be held next month, where his reinstatement will be on the agenda. CNBC Africa is joined by the co-Founder of Choppies, Ramachandran Ottapathu.


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.