Mmegi

The toils of citizen entrepreneurship

Pushing on: Moshoke PIC MORERI SEJAKGOMO
Pushing on: Moshoke PIC MORERI SEJAKGOMO

Elliot Moshoke says his Acute Global Group has written off Payless as an investment and is moving on, after pumping in more than P40 million on the venture. The entrepreneur tells MBONGENI MGUNI & PAULINE DIKUELO that significant barriers exist in the retail space

At some point in 2022, hopes were bright that Payless would usher in a new crop of citizen entrepreneurs in the cut-throat retail sector.

Citizen-owned Ellis Retail, itself owned by Acute Global Limited, had finally sealed the takeover of Payless, the struggling Fast Moving Consumer Goods (FMCG) chain which was saddled with debt and on the brink of collapse.

Editor's Comment
Time to rethink corporal punishment

Yet, as we assess the current state of discipline in many schools, we must confront an uncomfortable reality: student delinquency appears to be spiralling beyond control. Reports of bullying, classroom disruption, open defiance of teachers, and even violence amongst students are increasingly common. Teachers, once regarded as authoritative figures capable of maintaining order, now often find themselves struggling to manage classrooms effectively....

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