Shoprite's Whitey Basson (South Africa’s best-paid exec, by far) calls it a day

It stopped being fun. There’s no fun in running a big business today.

Whitey Basson

My cholesterol is too high and my feet are aching.

Whitey Basson

Shoprite CEO Whitey Basson has decided to retire, bringing to a close a wildly successful, 37-year stint at the helm of Africa’s largest retailer.

Under Basson Shoprite grew from eight tiny stores with a combined value of R1 million into the behemoth (market cap R114 billion) it is today.

The Money Show’s Bruce Whitfield called Basson to discuss his retirement.

Listen to the (quite funny) phone call in the audio below (and/or scroll down for more quotes from it).

I didn’t foresee it [how big Shoprite would become].

Whitey Basson

Once a month I felt I had enough! When I see billboards plastered from Stellenbosch to Cape Town with my salary I have that feeling…

Whitey Basson

The nonsense that you have to live with…

Whitey Basson

I’m going to take some time out and just enjoy life.

Whitey Basson

Christo Wiese has never done a day’s work in his life and look at how much money he’s made!

Whitey Basson

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 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.

Read More
Robert Mugabe turns 93 (throws lavish party, despite Zim's grinding poverty)

Robert Mugabe turns 93 (throws lavish party, despite Zim's grinding poverty)

State-run newspaper The Herald carried 26 pages of full-colour advertisements congratulating him.

Shoprite makes 100 transactions per second (and added 7144 jobs in 6 months)

Shoprite makes 100 transactions per second (and added 7144 jobs in 6 months)

That’s 6000 per minute… 360 000 per hour… 8.64 million per day… You get the idea. Shoprite is rocking!

How fuel prices are really determined

How fuel prices are really determined

The Money Show’s Bruce Whitfield interviews oil and energy expert Rocco Strydom.

Money makes the world go 'round (but sex makes it spin!)

Money makes the world go 'round (but sex makes it spin!)

Bruce Whitfield interviews "Dr Eve" Wasserman about her attitude to money (hopes and fears, successes and failures, etc).

Recruitment specialist explains Whitey Basson's R100m bonus

Recruitment specialist explains Whitey Basson's R100m bonus

What is it that makes Basson so valuable? The Money Show's Bruce Whitfield interviews Woodburn Mann’s Andrew Woodburn.

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

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

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

Popular articles
NSFAS lady said to me I'll just be honest with you we don't have funds - caller

NSFAS lady said to me I'll just be honest with you we don't have funds - caller

You have until 28 February to challenge NSFAS funding rejection but callers say they've been rejected with no proper explanation.

How Airbnb has made renting in Cape Town even more pricey

How Airbnb has made renting in Cape Town even more pricey

Property management company PayProp argues that Airbnb has driven down rental availability and driven up rental prices in the CBD.

You can replace Gordhan with a dog and it would do as good a job - senior journo

You can replace Gordhan with a dog and it would do as good a job - senior journo

Financial journalists Duma Gqubule and Sikhonathi Mantshantsha debate Brian Molefe's eligibility to head National Treasury.

Brian Molefe's new ANC MP title will raise speculation -  Stephen Grootes

Brian Molefe's new ANC MP title will raise speculation - Stephen Grootes

Ex-Eskom boss Brian Molefe called it quits last year after his implication in the state capture report and is now headed to Parly.

Eek! Cape Town Mayor Patricia de Lille goes door-to-door to scold water-wasters

Eek! Cape Town Mayor Patricia de Lille goes door-to-door to scold water-wasters

Water wasters, beware! The Cape Town Mayor has had enough of you. And she’ll tell you in your face…

How to be happier (and more fulfilled) at your job (whatever it is)

How to be happier (and more fulfilled) at your job (whatever it is)

Bruce Whitfield interviews Debbie Goodman-Bhyat, author of “INtheFLOW – Taking Mindfulness to Work”.

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.