Shoprite embraces e-commerce to aid small businesses, launches digital platform for Cash & Carry stores
Shoprite
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With his Shoprite stake now reapproaching the $1-billion mark, Wiese remains a billionaire, with his net worth likely exceeding $1.2 billion.
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Wiese holds a 10.67-percent stake in Shoprite, equivalent to 63,110,920 shares valued at over $850 million.
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Wiese’s holdings in Shoprite amount to an 11.58-percent stake, valued at more than $920 million.
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Wiese owns an 11.5-percent stake in the leading supermarket chain, or 68,083,200 ordinary shares.
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Despite recent setbacks, Wiese remains a leading figure in the African business scene.
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Wiese owns an 11.58-percent stake in Shoprite, valued at more than $900 million.
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Since assuming the mantle of CEO in January 2017, Engelbrecht has led Shoprite to impressive financial milestones.
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De Bruyn’s 2022 compensation package comprises a secure base pay of $323,500 and a performance-based short-term incentive of $260,000.
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Their prowess has not only caught the attention of Western retailers seeking new avenues for growth but has also steered the course …