South African billionaire Christo Wiese says nobody can explain white monopoly capital to him
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.
Pepkor
Pepkor's CEO Pieter Erasmus will hold a $169 million stake in the fintech he oversees
Pepkor CEO Pieter Erasmus will hold an indirect 13.2% of the $1.28 billion fintech his company is creating, a stake worth about $169 million.
South African tycoon Christo Wiese receives $463.1-million settlement from Steinhoff
Wiese received $198.5 million in cash and a five-percent share in Pepkor.
South African mogul Christo Wiese-linked Pepkor acquires controlling stake in Brazilian retailer
The deal will conclude on Feb. 4 through the acquisition of shares from Kinea Private Equity and the Caselli family.
Christo Wiese-linked retailer Steinhoff plans to settle with claimants in Pepkor-related transaction
In 2014, Wiese sold Pepkor to Steinhoff in exchange for about 20 percent of Steinhoff’s issued shares.