All the companies billionaire Christo Wiese owns

Christo Wiese is one of South Africa’s most acclaimed businessmen, best known for his major successes in the consumer retail market.

Alongside the Shoprite brand, the company counts big names like Checkers, OK Furniture, Medirite, and Computicket among its holdings. Pepkor has the largest retail store footprint in Southern Africa, with around 5,470 stores operating in 10 countries. It also employs 47,000 workers. Steinhoff collapsed towards the end of 2017 after fraud and misappropriation of funds were uncovered at the company, shattering Wiese’s wealth.He was among the biggest losers of the scandal, which cost him around $4 billion.

Thanks to Shoprite’s significant growth, he reclaimed his dollar-billionaire status earlier this year.In addition to Pepkor and Shoprite, Wiese is the biggest shareholder in Brait, which owns Premier Foods, Virgin Active, New Look, and Consol Glass.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COMPANIES: Remgro-Mediterranean Shipping Company consortium ups the stakes in bid to buy out MediclinicLast month, ​​the Mediclinic board rejected another offer out of hand because it felt it ‘significantly undervalued Mediclinic and its future prospects’. Now, the consortium has come back with a sweeter deal.
Source: dailymaverick - 🏆 3. / 84 Read more »