South African billionaire Christo Wiese faces potential personal liability for helping a company allegedly dodge a $52 million tax bill.
"Christo Wiese"
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- Southern Africa
South African Christo Wiese’s Brait slashes investment manager fee to $3.3 million
Brait SE takes steps to manage costs and stabilize its financial position.
- Hot News
South African billionaire Christo Wiese’s Shoprite launches online shopping and delivery service
Shoprite embraces e-commerce to aid small businesses, launches digital platform for Cash & Carry stores
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Christo Wiese’s Invicta achieves $448-million revenue for final year 2024 despite rising costs
Revenue climbs 6.6 percent, but higher costs squeeze profit margins as Invicta looks to future growth.
- Southern Africa
South African billionaire Christo Wiese’s Brait to dissolve portfolio in three years
“There’s a journey to realise value from the three assets that remain,” says CEO Peter Hayward-Butt.
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The plan strengthens Brait’s balance sheet, boosting Virgin Active and Premier’s performance, and increasing investor confidence.
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Earlier this year, Wiese’s stake had fallen below $900 million, but it has now rebounded above the $1 billion mark
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South African billionaire Christo Wiese’s Brait unveils multimillion-dollar recapitalization plan
The recent move detailed a comprehensive recapitalization initiative designed to reduce the group’s net debt by $123 million, from $323 million to …
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In 2014, South African billionaire Christo Wiese sold Pepkor to Steinhoff International in exchange for a 20 percent stake in Steinhoff.
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South African billionaire Christo Wiese has seen the value of his stake in Shoprite Holdings, Africa’s largest grocer, surge over the past …