Payless’ new owner pledges more citizen shelf space

Ellis Retail is owned by Acute Global Limited, which in turn is owned by Accurate Component with Patricia Moshoke as the main shareholder. Ellis Retail recently announced the takeover of eight Payless supermarkets, becoming the first major retail chain owned by indigenous citizens.

This week, Ellis Retail CEO, Elliot Moshoke said the takeover had saved more than 200 jobs that were on the verge of being lost as the Payless Group struggled to stay afloat.