South African billionaire Christo Wiese's Invicta warns half-year earnings could fall 29%
Invicta Holdings, the industrial parts group chaired by South African billionaire Christo Wiese, expects headline earnings per share to fall by up to 29%.
Skip to content
Invicta Holdings, the industrial parts group chaired by South African billionaire Christo Wiese, expects headline earnings per share to fall by up to 29%.
Shoprite, the grocer in which billionaire Christo Wiese owns about 10%, is in talks with Investec on a partnership to power its financial services push.
In 1979, Christo Wiese and Whitey Basson paid R1 million for eight grocery stores. Today Shoprite is Africa's largest retailer, worth almost R200 billion.
South African billionaire Christo Wiese’s Premier Group is fighting the Competition Commission’s bid to revoke its nearly R6 billion RFG merger.
Shoprite has completed a 51% acquisition of fintech R&A Cellular, marking the retail giant's entry into South Africa's informal economy estimated at between $46 billion and $61 billion.
Shoprite added R18.1 billion in sales while running price deflation at Shoprite and Usave, and is buying coffee chain Vida e Caffè and R&A Cellular.
Christo Wiese, worth about R31 billion, says the slogan aimed at him for years is meaningless and that 95% of his wealth remains in South Africa.
Billionaires Christo Wiese and Johann Rupert have backed a project that has handed 24,500 title deeds to South Africans who owned their homes but not the land beneath them, unlocking generational wealth for families who had none.
A court has placed Markus Jooste's estate in provisional sequestration, two years after the Steinhoff CEO died owing a R475 million fine.
Christo Wiese said President Cyril Ramaphosa should assess every decision by whether it creates jobs or destroys them.
Christo Wiese told a conference that members of the so-called Stellenbosch Mafia may be mafiosi but control nothing in South Africa.
Christo Wiese says Pick n Pay's habit of paying out cash rather than reinvesting left it unable to keep pace with Shoprite.
South African billionaire Christo Wiese says he refuses to live like a prisoner and has no intention of emigrating despite the country's persistent crime and security challenges.
Christo Wiese's Titan Premier Investments has made a R350 million capital investment in Preference Capital as South Africa's most active billionaire investor keeps deploying capital.
Christo Wiese's Invicta Holdings has posted steady revenue growth for the year to March 2026, driven by offshore dealmaking including a R250 million UK agricultural acquisition.