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Tag: Wiese

Wiese to retire next year

South Africa’s largest retailer, Shoprite announced that its chairperson, Christo Wiese will retire at next year’s AGM. This move follows concerted shareholder pressure on Wiese to stand down as chairperson, a position...

Steinhoff may be ‘the tip of the iceberg

The Steinhoff case raises important questions about our financial system as a whole – and the possible consequences if other companies were subjected to the same level of scrutiny, says James-Brent...

Steinhoff to ‘vigorously’ defend itself against Wiese’s R59bn claim

Steinhoff said it would defend itself against a R59bn claim by former chair Dr Christo Wiese’s entity Titan Group. According to a notice issued to shareholders on Thursday afternoon, in...

Wiese loses billionaire status as Steinhoff continues massive sell-off

Once the richest man in South Africa, retail tycoon Christo Wiese has lost his dollar billionaire status, Forbes’ realtime rankings show. As of Friday, 8 December, Wiese’s fortune has shrunk...

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Understanding standby, prime and continuous gensets

The increasing reliance of South African businesses on generator sets (gensets) to mitigate power disruptions highlights a crucial need for proper selection based on...

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