Businesses Owned By Christo Wiese
Businesses Owned By Christo Wiese. Christoffel F. Hendrik Wiese is a South African businessman and billionaire. His source of wealth is consumer retail. Wiese studied at Paarl Boys’ High School in the Western Cape region of South Africa. Wiese attended Stellenbosch University, from where he received BA and LLB degrees. According to CNBC/Forbes Wiese’s net worth is estimated to be R15. 6 billion. Below are some of the businesses owned by Christo Wiese.
Pepkor
Wiese owns a 44% share of Pepkor since becoming the chairman there in 1981 and starting out as an executive director for the retail store Pep from 1967 to 1973. Pepkor is a discount store in South Africa that was founded in 1965. Pepkor is a South African-based investment and holding company with business interests in Africa, Australia, United Kingdom, Poland, Romania, Slovakia, and New Zealand. It manages a portfolio of retail chains focused on the value market selling predominantly clothing, footwear and textiles. Its main operating subsidiaries are Pep and Ackermans in South Africa and Best & Less in Australia, all based on a high volume/lower margin business model.
Shoprite
Shoprite Group is South Africa’s largest food retailer. It operates more than 2,892 stores in 14 countries across Africa. The company’s headquarters are in Brackenfell in the Western Cape province of South Africa. Shoprite Holdings Limited is a public company listed on the Johannesburg Stock Exchange, with secondary listings on both the Namibian and Zambian Stock Exchanges. As of 2021, the Shoprite Group employed more than 140,000 people in more than 2,892 stores across the African continent.
Pep Stores
Pep is a multinational retail company based in Cape Town, South Africa. Founded in 1965, Pep operated in 11 countries in Southern Africa with the opening of an outlet in Lobito, Angola in November 2008. As of November 2009, the company reported over 1400 stores in operation, with total employment equalling 14,000 employees. It also owns and runs the largest clothing factory in southern Africa, where it manufactures much of its clothing.
