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The toils of citizen entrepreneurship

Friday, February 20, 2026 | 500 Views |

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.

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The toils of citizen entrepreneurship

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

I don't have a lawyer yet -Seretse

The Makhenes Are Coming to Mzansi Magic

New Era, No Limits: SuperSport Gears Up for the Most Transformative Formula 1 Season in History

Big Brother Mzansi S6 BAZOZWA

In Celebration of International Women’s Month, CANAL+ and MultiChoice celebrate African women

'Cruel maid' denied bail

GrandPalm celebrates 30 years with Gin experience

Woman dies after crashing into UB wall

Let's show compassion to baby Asli