What led to Nakumatt collapse

Nakumatt architect Atul Shah. He says at some point, Africa was rising, now people have dropped it. PHOTO | FILE

What you need to know:

Nakumatt Supermarkets’ implosion to the point near-insolvency in a matter of months remains one of the country’s biggest stories. Atul Shah, the man at the helm of the business, has remained quiet amid the raging storm, until now.

The 56-year-old entrepreneur last week agreed to talk to NMG about the retail chain’s fall from the top. Excerpts: