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.
Whitey Basson
Whitey Basson’s R1.7bn share sale gets thumbs up from Shoprite shareholders
Shoprite Holdings shareholders voted in favour of the purchase of about R1.75bn ($135m) of shares from former Chief Executive Officer Whitey Basson.
Big executives just diversifying – that’s the word on the street…
As a young journalist, one of the lesser spotted areas, which often led to interesting stories was Director Dealings.
Life after Whitey Basson: Complexity overshadows Steinhoff, Shoprite proposal
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.
Lower food-price rises, sales outside SA drives Shoprite profit up 12%
Shoprite says first-half profit increased faster than a year earlier as price increases were kept below the official inflation rate, boosting volumes sold.
On the JSE, founding CEOs outlive professional managers – by a mile
Biznews’ Alec Hogg finds out that everyone of the 14 longest serving CEOs of big SA listed companies are entrepreneurs.
Top 100 CEOs: Five in their sixties still running companies they started
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.
Market analysis: Banking in SA, Bidvest, retail and investing in Africa
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
Shoprite’s Whitey Basson, the cheerful billionaire – even when the sun isn’t shining
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 undershoots, fresh buying opportunity if you missed the bull run
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