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31 March 2017 02:26 (South Africa)

Christo Wiese would like his £600,000 in cash back, please

Shoprite and Pepkor chairman Christo Wiese says a simple bureaucratic bungle is to blame for the fact that border police in London took the £600,000 (R6.84 million at Monday morning's exchange rate) in UK bank notes that he was carrying through Heathrow Airport in April 2009. Because he was moving the money to Luxembourg he was not required to declare it, he contends, even if customs officials disagreed at the time. So his lawyers will be able to sort the little matter out chop-chop. Moneyweb, Sapa

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