South African billionaire Christo Wiese’s Brait plans to sell UK retailer
The move is part of a broader effort to simplify its portfolio, repay debt, and return capital to shareholders.
Brait SE
South African billionaire Christo Wiese’s Brait completes bond buyback, cuts debt by $5.3 million
This is part of the company’s broader strategy to strengthen its financial structure and improve its balance sheet.
Brait reduces stake in Premier group to $284.4 million
Brait’s decision to reduce its stake in Premier comes after a successful R750 million ($41.3 million) accelerated bookbuild offering earlier this year.
Brait reports $56.45-million profit in first half of 2025 fiscal year
Brait demonstrated notable resilience, with significant profitability and revenue growth.
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 $200 million.
South African billionaire Christo Wiese’s Brait to list Premier on JSE on March 24
Wiese derives the majority of his fortune from Shoprite.
South African billionaire Christo Wiese-linked Premier reveals plans to list on JSE
Premier Group operates under the banner of Brait SE.
South African billionaire Christo Wiese’s Brait SE moves to list food business, Premier
The listing will take place as soon as more favorable stock market conditions permit.