Shoprite shares slump costs South African billionaire Christo Wiese $159.7 million in net worth
Over the past 118 days, Wiese’s stake in Shoprite has suffered a significant decline.
Shoprite
Shoprite, linked to billionaire Christo Wiese, launches first apparel store in South Africa
Shoprite Holdings is Africa’s largest supermarket group.
Shoprite, linked to billionaire Christo Wiese, set to launch clothing stores in Cape Town
Wiese owns an 11.63-percent stake in the company.
South African billionaire Christo Wiese-linked Shoprite posts strong sales in Q1 2023
Wiese owns 11.58 percent of the company, valued at over $860 million.
South African billionaire Christo Wiese to pocket $13 million in Shoprite dividends
Wiese owns an 11.58-percent stake in Shoprite.
Pieter Engelbrecht-led Shoprite creates $559.3-million Black empowerment trust
The trust will directly benefit the group’s South African employees.
Christo Wiese-linked retailer Steinhoff starts payouts under $1.62-billion settlement
The move comes nearly three weeks after it received approval from a Cape Town high court to pay the investors.
South African tycoon Christo Wiese gains $48.8 million from stake in Africa’s largest retailer, Shoprite
The increase in the value of his stake can be attributed to sustained investor interest in the retail behemoth.
Pieter Engelbrecht-led Shoprite posts $5.59 billion in revenue in H1 2022
The retailer’s market capitalization on the Johannesburg Stock Exchange is $7.8 billion.
Pieter Engelbrecht-led Shoprite Holdings reports 9.3-percent rise in sales in Q1 2022
Earlier, the group’s core business, Supermarkets RSA, reported an 11.6-percent increase in sales in Q1 2021.
South African retail tycoon Christo Wiese to earn $15.1 million as Shoprite declares final dividend for 2021
Shoprite will pay shareholders a final dividend of $141.1 million from its profit for the 2021 financial year.
Emirati retail billionaire Majid Al Futtaim acquires five Shoprite stores in Uganda
The move comes after Shoprite classified its subsidiary in Uganda as discontinued.
Pieter Engelbrecht-led Shoprite plans to integrate Walmart subsidiary into operations
Africa’s largest retailer has unveiled plans to integrate the subsidiaries of Walmart-owned Massmart into its operations.
South African retail tycoon Christo Wiese earns $122.6 million in 70 days from Shoprite
Renewed buying interest in the shares of the retail giant led to a double-digit increase in its share price.
South African billionaire Christo Wiese’s stake in Shoprite declines by $36 million
The loss in market value is linked to Shoprite’s share price dropping on the Johannesburg Stock Exchange.
Entrepreneur Tayo Amusan’s Ketron Investment acquires Shoprite Holdings’ operations in Nigeria
Shoprite Holdings has been reviewing strategic divestment options across the continent.