Despite this setback, Wiese remains a prominent figure among JSE investors and retains his position as one of Africa’s wealthiest businessmen.
Shoprite Holdings
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- Hot News
Christo Wiese-backed Shoprite joins retailers investing $125 million in startups every five years
Shoprite Holdings is partially owned by South African billionaire Christo Wiese, who holds an 11.63-percent stake in the retailer.
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South African billionaire Christo Wiese’s Shoprite employee trust pays out $27 million in two years
Established in May 2022, the SET is a non-vesting, perpetual trust funded with 40 million Shoprite Checkers shares valued at R8.9 billion …
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After a brief rise in February-March, his stake in Shoprite has declined by more than $60 million, dipping below $900 million.
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Shoprite backed by South African billionaire Christo Wiese takes lead on climate, water issues in retail
Shoprite, boasting more than 2,900 stores across Africa, is partly owned by South African billionaire Christo Wiese, who holds an 11.63-percent stake …
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The recent multimillion-dollar increase in the market value of his stake can be attributed to increased investors’ interest in the retail giant.
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South African executive Pieter Engelbrecht leads Shoprite to $6.3 billion in half-year sales
Since taking the helm in January 2017, Engelbrecht has continued to enhance the legacy established by his predecessor, Whitey Basson.
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The 82-year-old South African businessman’s journey in the diamond industry began in 1976 when he purchased a mine along the Orange River.
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Shoprite backed by South African tycoon Christo Wiese secures $64 million from Standard Bank
The funding, part of Shoprite’s ongoing expansion initiative, is set to address the anticipated volume and logistics demands for the next decade.
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Wiese owns an 11.5-percent stake in the leading supermarket chain, which translates to a total of 68,083,200 ordinary shares in the group.