Shoprite's Whitey Basson (South Africa’s best-paid exec, by far) calls it a day

It stopped being fun. There’s no fun in running a big business today.

Whitey Basson

My cholesterol is too high and my feet are aching.

Whitey Basson

Shoprite CEO Whitey Basson has decided to retire, bringing to a close a wildly successful, 37-year stint at the helm of Africa’s largest retailer.

Under Basson Shoprite grew from eight tiny stores with a combined value of R1 million into the behemoth (market cap R114 billion) it is today.

The Money Show’s Bruce Whitfield called Basson to discuss his retirement.

Listen to the (quite funny) phone call in the audio below (and/or scroll down for more quotes from it).

I didn’t foresee it [how big Shoprite would become].

Whitey Basson

Once a month I felt I had enough! When I see billboards plastered from Stellenbosch to Cape Town with my salary I have that feeling…

Whitey Basson

The nonsense that you have to live with…

Whitey Basson

I’m going to take some time out and just enjoy life.

Whitey Basson

Christo Wiese has never done a day’s work in his life and look at how much money he’s made!

Whitey Basson

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Article brought to us by Old Mutual.


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