Man running the most valuable food retailer in South Africa now earns R2.2 million a week

Shoprite's CEO, Pieter Engelbrecht, has taken his compensation to unprecedented levels, earning a staggering R2.2 million a week. This astronomical figure is a testament to his decade-long tenure as CEO, during which he successfully expanded the company's digital retail and financial services operations, transforming it into the most valuable food retailer in South Africa. Engelbrecht's remarkable turnaround has cemented his position as a shrewd business leader, leaving a lasting impact on the retail industry.