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Steinhoff won't hamper Shoprite success - CEO

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Cape Town - There should be no fears that Steinhoff will interfere with management at the Shoprite Group, Shoprite CEO Pieter Engelbrecht told Fin24 on Tuesday.

He said certain people have raised concerns that the Shoprite Group will not perform as well in future, due to possible interference in management by Steinhoff.

"This will not be the case. At Shoprite Group we are used to having a controlling shareholder. So with Steinhoff we will still function with a controlling shareholder. We remain committed to create value for our shareholders," he said after a presentation of the group's latest results at its new giant distribution center in Cape Town.

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