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.


This article first appeared on 702 : Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)


Recommended

by THE NEWSROOM

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
How ‘Hippo Roller’ eased a burden and became a phenomenon

How ‘Hippo Roller’ eased a burden and became a phenomenon

The Money Show’s Bruce Whitfield interviews Hippo Water Roller Project CEO Grant Gibbs.

JoJo - struggling to keep up with demand - now has a turnover of R600 million

JoJo - struggling to keep up with demand - now has a turnover of R600 million

The JoJo brand has entrenched itself in the psyche of South Africans. Bruce Whitfield interviews its MD, Grant Neser.

How recoiling in horror at price of strollers led to wildly successful NulaBaby

How recoiling in horror at price of strollers led to wildly successful NulaBaby

Tatum Billson brought one – then 50 – strollers from abroad, and sold them all before they arrived. Bruce Whitfield speaks to her.

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
Convicted murderers of Winnie Rust went on a shopping spree using her bank cards

Convicted murderers of Winnie Rust went on a shopping spree using her bank cards

EWN reporter Shamiela Fisher says 77-year-old Rust took care of one of the accused and supported him and his family financially.

Journos join the dots: Estina suspects, 'Zupta empire' and state capture in SA

Journos join the dots: Estina suspects, 'Zupta empire' and state capture in SA

Senior investigative journos unravel the Estina Dairy Farm scandal and how the suspects fit into the bigger state capture project.

Ramaphosa gets Presidency off on the right foot

Ramaphosa gets Presidency off on the right foot

The President met with the people of Cape Town while on a 5 kilometre morning walk from Gugulethu to Athlone.

Political Desk: Shivambu and Malema have become excellent narrators- Haffajee

Political Desk: Shivambu and Malema have become excellent narrators- Haffajee

Huffington Post editor in chief shares her view on the SONA debate with Bongani Bingwa.