ShapeShifter

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

I do not get involved in businesses that I do not control. Businesses do best if the people who control it have skin in the game.

Christo Wiese

The Money Show’s Bruce Whitfield interviewed Christo Wiese, the billionaire (third richest in Africa, according to Forbes) cofounder of Shoprite and Pep Stores, for his weekly “ShapeShifter” feature.

Forbes estimates Christo Wiese’s net worth at around R100 billion.

Christo Wiese owns 15% of Shoprite (Africa’s largest retailer) and 17% of global retail holding firm Steinhoff (owner of Pepkor).

Christo Wiese went to Paarl Boys' High School and studied at Stellenbosch University where he received BA and LLB degrees.

Under Christo Wiese’s leadership, Shoprite grew from a chain of eight supermarkets into the behemoth it is today.

Scroll down for quotes from the video and audio below.

I have no idea whether I’m the third richest person in Africa. People who know how much they’re worth aren’t worth a hell of a lot!

Christo Wiese

My cousin thought there must be a way to provide affordable clothes to poorer people…

Christo Wiese

I was never cut out to be a Number 2 man…

Christo Wiese

In 1981 I bought out the Pep founders’ shares…

Christo Wiese

Whitey Basson and I were friends at university. People used to ask me how I was related to him!

Christo Wiese

Shoprite employs 136 000 people.

Christo Wiese

We bought Shoprite for R1 million. Today it’s worth R100 billion!

Christo Wiese

The jury is still very much out on where it [drones, Amazon, etc.] will end. I don’t lose sleep over it.

Christo Wiese

These perceived crises don’t bother me! My mother taught me to only worry about things you can do something about.

Christo Wiese

How does pessimism help you or anybody else? We got through so much, why won’t we get through this?

Christo Wiese

The world wants South Africa to succeed!

Christo Wiese

I enjoy what I’m doing! I still make a contribution.

Christo Wiese

Pep started as one shop in Upington then grew shop by shop by shop.

Christo Wiese

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Lebohang Khitsane makes cutting edge tombstones (fancy a QR code on yours?)

Lebohang Khitsane makes cutting edge tombstones (fancy a QR code on yours?)

The Money Show’s Bruce Whitfield interviews the CEO of Bataung Memorial Tombstones.

Meet David Higgs; famed Chef at Marble restaurant (NOT a steakhouse!)

Meet David Higgs; famed Chef at Marble restaurant (NOT a steakhouse!)

The Money Show’s Bruce Whitfield interviews “live-fire” restaurant Marble’s Chef David Higgs.

Meet Thebe Ikalafeng, named one of Africa’s 100 most influential people

Meet Thebe Ikalafeng, named one of Africa’s 100 most influential people

The Money Show’s Bruce Whitfield interviews Brand Africa’s Ikalafeng for his weekly “ShapeShifter” feature.

Meet Wendy Appelbaum, one of Africa’s richest and most giving daughters

Meet Wendy Appelbaum, one of Africa’s richest and most giving daughters

We interview one of Africa's richest people about her amazing life and her drive to make a difference by giving back.

Meet Santie Botha, Curro Chair and one of Africa’s wealthiest businesswomen

Meet Santie Botha, Curro Chair and one of Africa’s wealthiest businesswomen

From potential tennis pro to Absa’s youngest ever board member; the inspiring tale one of the busiest people in South Africa.

Meet Jannie Mouton, the "Richard Branson of Stellenbosch"

Meet Jannie Mouton, the "Richard Branson of Stellenbosch"

The founder of PSG Financial Services and Capitec Bank is rocking the boat from Stellenbosch to the rest of Africa.

Popular articles
Rand reacts positively to news of Zuma's possible removal

Rand reacts positively to news of Zuma's possible removal

The rand strengthened against the US. dollar to 13.0218 following the reports that the ANC NEC could remove President Jacob Zuma.

Capitec Bank comes out tops

Capitec Bank comes out tops

A new survey shows the not-so-small-anymore bank has the best digital banking offering in South Africa.

Parents frantic search for children after 19 killed in alleged suicide attack

Parents frantic search for children after 19 killed in alleged suicide attack

19 people have been killed and 52 injured in blast at Ariana Grande concert in Manchester Arena on Monday night.

3 best shares to buy right now (by Falcon Crest Asset Managers)

3 best shares to buy right now (by Falcon Crest Asset Managers)

Looking for stock picks? Bruce Whitfield interviews Falcon Crest Asset Managers Chief Investment Officer Farai Mapfinya.

Steam rooms and saunas will be closed from Wednesday at Virgin Actives in CT

Steam rooms and saunas will be closed from Wednesday at Virgin Actives in CT

The gym will be imposing strict measures to save and use water wisely across the city.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.