South African fast-food tycoon Adrian Basson opens $760-a-night luxury safari lodge
Adrian Basson, who built Hungry Lion into a fried-chicken chain with more than 500 stores, has opened a luxury safari lodge in the Pilanesberg.
Shoprite
South African billionaire Christo Wiese's R1 million Shoprite bet nears R200 billion
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.
Christo Wiese's Shoprite buys into R&A Cellular to compete in South Africa's $61 billion informal economy
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.
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.
South African billionaire Christo Wiese blames Pick n Pay's decline on its dividends
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 unlocks $61 million from Shoprite stake while retaining voting power
Christo Wiese raised about R1 billion from his Shoprite stake through Titan Fincap without giving up the voting rights that keep him influential in the retailer.
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, linked to South African billionaire Christo Wiese, to sell furniture unit to Pepkor for $179 million
The sale includes the OK Furniture and House & Home brands, as well as Shoprite's credit loan book, insurance arrangements, inventory, and certain fixed assets.
Christo Wiese's Shoprite reports $348-million profit in 2024
Shoprite Holdings reports robust 2024 financial performance amidst economic challenges.
South African billionaire Christo Wiese’s Shoprite shares rebound above $900 million
With his Shoprite stake now reapproaching the $1-billion mark, Wiese remains a billionaire, with his net worth likely exceeding $1.2 billion.
South African billionaire Christo Wiese loses $30 million from Shoprite stake
Wiese holds a 10.67-percent stake in Shoprite, equivalent to 63,110,920 shares valued at over $850 million.
South African billionaire Christo Wiese faces $54.7-million loss from Shoprite stake
Wiese’s holdings in Shoprite amount to an 11.58-percent stake, valued at more than $920 million.
South African billionaire Christo Wiese makes $122 million from Shoprite shares
Wiese owns an 11.5-percent stake in the leading supermarket chain, or 68,083,200 ordinary shares.