Christo Wiese

South Africa's Christo Wiese Cuts Shoprite Stake After Steinhoff Hit

South African tycoon Christo Wiese sold part of his stake in grocer Shoprite on Wednesday, raising 3.6 billion rand ($264 million) and shoring up his finan...

Steinhoff Faces Shareholders As It Battles To Stay Afloat

South African retailer Steinhoff remains in a "tough position" and is talking to creditors about restructuring debt, the company said at its firs...

Wiese Sees Ray Of Light After Losing Billions On Steinhoff

Christo Wiese lost more than $2 billion when Steinhoff International plunged, following the discovery of accounting irregularities. Luckily for h...

South Africa's Wiese Cuts Stake In Retailer Steinhoff To 6%

Christo Wiese, the former chairman of Steinhoff International Holdings NV, has slashed his stake in the retailer to 6.2 percent, a move that may mean one o...

Wiese Sells More Shoprite Stock As Steinhoff Extends Plunge

Steinhoff International Holdings' biggest shareholder, Christo Wiese, increased the amount he has raised from selling shares in food retailer Shoprite...

Shoprite Profit Rises As South African Stores Prove Resilient

Shoprite Holdings Ltd reported full-year earnings in line with analyst estimates, as Africa’s largest food retailer boosted market share in South Afr...

Steinhoff Plans Africa Spinoff After $3 Billion Expansion

Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following th...

No Regrets For Billionaire Wiese Even After Wrongway Brexit Bet

South African billionaire Christo Wiese navigated the upheavals of apartheid and the creation of a free nation over more than five decades to build a $6 bi...

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