US and Canadian pension giants managing nearly $2 trillion move against Shoprite CEO’s proposed $9.8 million share award
Some of North America’s largest pension funds are preparing to oppose Shoprite’s proposed multimillion-dollar share award for chief executive Pieter Engelbrecht, setting up an international investor revolt at Africa’s biggest supermarket retailer.
By Ayodeji AdegboyegaSouth Africa
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Shoprite CEO Pieter Engelbrecht, whose proposed 525,000-share retention award is currently valued at approximately R170 million ($9.8 million). [Euro Finance/Web]
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About this article
- Length
- 20 words · 1 min read
- Published
- November 4, 2026
- Byline
- Ayodeji Adegboyega
- Source
- Business Insider