Former Spur CEO Pierre van Tonder has died in a Cape Town hospital, Spur Corporation confirmed on Sunday, according to a report.
He was 62.
“Spur Corporation confirms that Pierre passed away peacefully in hospital at 18:45 on Sunday evening,” Fin24 quoted a Spur Corporation spokesperson as saying.
Van Tonder had been in a critical condition in hospital after he allegedly shot himself in the basement of his Sea Point flat, on Sunday, May 2, according to a statement by Spur at the time.
A Daily Maverick report also said at the time that the reasons for shooting himself remained unknown, although friends said he had been struggling with depression recently.
Van Tonder headed Spur for 24 years before his retirement in December last year.