BizNews BizNews Radio

Christo Wiese wins back dollar billionaire status

Loading player...
*Shoprite founder and one of South Africa’s most revered businessmen, Christo Wiese, has won back billionaire status (in dollar terms). The increase in Wiese’s wealth has been driven largely by his investment in the food retail business he started, Shoprite, which has become the country’s standout retail performer. Wiese’s 10.67% stake in Shoprite, the second largest shareholder behind the Public Investment Corporation, is valued at R14bn ($910m). When you include his other investment vehicles and family interests, it drives his effective economic stake closer to 12%, making him a billionaire in dollar terms, a feat that has evaded him since Steinhoff collapsed in the latter end of 2017.  Learn more about your ad choices. Visit megaphone.fm/adchoices
15 Feb 2022 4AM English South Africa Investing · Business News

Other recent episodes

Dr Kelvin Kemm: How “secure” is SA’s enriched uranium?

There are growing fears that nuclear weapons could be used in the Iran war. That has brought renewed focus on that 2007 attempted armed robbery at South Africa's nuclear research site, Pelindaba, and the “security” of the country’s large, high-quality enriched uranium stock. Chris Steyn asks Dr. Kelvin Kemm, a…
23 Mar 10AM 21 min

Helen Zille at BNC#8: “Johannesburg is collapsing like Rome” — a do-or-die warning for South Africa

Helen Zille delivered a hard-hitting BNC#8 address, drawing stark parallels between ancient Rome’s collapse and Johannesburg’s deepening crisis. She warns of failing infrastructure, entrenched corruption, and political fragmentation, arguing that only decisive governance and voter action can reverse decline. Her message is clear: Johannesburg stands at a do-or-die moment, and…
23 Mar 6AM 28 min
All episodes