South African billionaire Christo Wiese-backed Pepkor sees $226 million stake sold
The disposal, confirmed by Pepkor in a shareholder notice on Aug. 4, reflects a swift strategic retreat from its initial 8.51 percent holding.
Christo Wiese
Christo Wiese-backed Pepkor draws $470 million investment from US-based hedge fund
Silverpoint Capital’s $470 million stake in Christo Wiese-backed Pepkor signals global investor confidence, following PIC’s deeper $874 million commitment.
PIC boosts stake in South African billionaire Christo Wiese-backed Pepkor to $870 million
PIC raises its stake in Pepkor to 15.46% with $31 million purchase, deepening its $874 million position as Ibex exits Christo Wiese-backed retail group.
Ibex, formerly Steinhoff, exits Christo Wiese-backed Pepkor in $1.6 billion deal
Ibex exits Pepkor in $1.6 billion deal, ending a scandal-plagued chapter traced to Markus Jooste between 2011 and 2014.
South African billionaire Christo Wiese’s Brait reports $1.1 billion revenue in 2025
Brait posts 7% revenue growth to $1.1 billion in 2025, reversing losses and strengthening NAV per share following recap, Virgin Active and Premier gains.
South African billionaire Christo Wiese’s Invicta profit rises above $40 million
The company’s improved performance reflects ongoing efforts to streamline operations, boost efficiency, and focus on key areas of the business.
South African billionaire Christo Wiese’s Brait plans to sell UK retailer
The move is part of a broader effort to simplify its portfolio, repay debt, and return capital to shareholders.
South African billionaire Christo Wiese’s Shoprite stake falls below $1 billion
This reflects renewed pressure on South African retail stocks as investor confidence continues to waver on the Johannesburg Stock Exchange (JSE).
Christo Wiese’s Shoprite stake jumps $97 million
His stake in the company has surged by over $97 million, driven by a strong rally in Shoprite’s shares on the Johannesburg Stock Exchange (JSE).
Pepkor, backed by billionaire Christo Wiese, strikes $104 million deal to expand its retail empire
The deal will add 462 stores across South Africa, Botswana, Lesotho, Namibia, and Eswatini to Pepkor’s expanding retail network, strengthening its position in the adultwear market.
How Africa’s billionaires lost billions: 5 costly investment blunders
Even billionaires make costly mistakes—overleveraging, overexposure, disruption, misjudgment, and poor due diligence can erase fortunes in months.
South African billionaire Christo Wiese’s Shoprite stake drops below $1 billion—first time in months
The decline reflects growing pressure on retail stocks in South Africa, as investor sentiment shifts on the Johannesburg Stock Exchange.
South African billionaire Christo Wiese-backed Shoprite rewards investors with $91.5 million payout
The payout reflects the company’s commitment to rewarding shareholders while navigating economic pressures.
Shoprite, backed by South African billionaire Christo Wiese, posts $6.8 billion in half-year sales
The group’s South African supermarket division, which accounts for 83.7 percent of total revenue, recorded a 10.4 percent increase in sales, reaching $5.7 billion.
South African billionaire Christo Wiese’s Brait completes bond buyback, cuts debt by $5.3 million
This is part of the company’s broader strategy to strengthen its financial structure and improve its balance sheet.
Christo Wiese sees $96.3 million rise in Shoprite stake this year
Wiese, a key architect behind Shoprite’s transformation into Africa's largest retailer, holds a 10.67 percent stake in the retail giant.