Wiese received $198.5 million in cash and a five-percent share in Pepkor.
The move comes nearly three weeks after it received approval from a Cape Town high court to pay the investors.
The increase in the value of his stake can be attributed to sustained investor interest in the retail behemoth.
The deal will conclude on Feb. 4 through the acquisition of shares from Kinea Private Equity and the Caselli family.
Pepco Group is a fast-growing, multi-format, pan-European discount variety retailer.
The retail behemoth was founded in 1964 by German billionaire Bruno Ewald Steinhoff.
Founded in 1964, Steinhoff operates retailing activities in more than 30 countries.
Invicta said it will acquire 100 percent of the issued share capital and shareholder loans payable by KMP Holdings.
The former chairman of the Johannesburg-based retailer purchased 20,000 single stock futures contracts.
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