Life after Jooste, Christo Wiese opens up
Once one of SA’s richest men, Christo Wiese lost a chunk of his fortune in Steinhoff. Wiese joined the Power Hour, spewing nuggets of knowledge throughout.
Once one of SA’s richest men, Christo Wiese lost a chunk of his fortune in Steinhoff. Wiese joined the Power Hour, spewing nuggets of knowledge throughout.
Shoprite Holdings shareholders voted in favour of the purchase of about R1.75bn ($135m) of shares from former Chief Executive Officer Whitey Basson.
As a young journalist, one of the lesser spotted areas, which often led to interesting stories was Director Dealings.
Steinhoff and Shoprite are in talks to combine their African retail businesses in a deal that left some investors complaining about its complexity and a shortage of details.
Shoprite says first-half profit increased faster than a year earlier as price increases were kept below the official inflation rate, boosting volumes sold.
Biznews’ Alec Hogg finds out that everyone of the 14 longest serving CEOs of big SA listed companies are entrepreneurs.
Our Top 100 CEO table has been a hit. But a surprise for me was that in an age when we’re told 60 is the new 40, only 16 on the list are in their sixties.
The big stories competing for business news headlines this week were the downgrading of the big four banks in South Africa by ratings agency, Moody’s; Bidvest’s move to up its stake in Adcock Ingram resulting in a confidence boost for Adcock’s shares; and in company results the retail sector was in focus with Shoprite CEO … Read more
By Alec Hogg It’s been some years since I’ve shaken Whitey Basson’s hand. Most of our recent interview engagements have been on the telephone. But the cheerful retailing billionaire came through to see our partners CNBC Africa last evening, and as he had a few minutes to spare, popped into the Biznews radio studio en … Read more
Shoprite’s financial results for the year to end June were greeted with some concern by investment analysts, Old Mutual’s Jeanine van Zyl among them. After dropping 8% at one point, the stock stabilised in later trading but still ended just over 5% down on the session. Â CEO Whitey Basson reckons analysts may have over-reacted, perhaps … Read more