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
The SABC is broke (and in danger of collapse)

The SABC is broke (and in danger of collapse)

The Money Show’s Bruce Whitfield interviews Media Monitoring Africa Head of Policy Thandi Smith.

Famine fuels re-emergence of Somali pirates (Robin Hoods?) after 4 silent years

Famine fuels re-emergence of Somali pirates (Robin Hoods?) after 4 silent years

Somali pirates are back, attacking commercial ships once more, says African Business News correspondent Leslie "Lee" Kasumba.

How to find a great property rental deal (or great tenant)

How to find a great property rental deal (or great tenant)

Renting? Letting? Bruce Whitfield checks out an amazing new platform that connects tenants with property managers.

Why everyone is going gaga over two old men on a stage (talking for seven hours)

Why everyone is going gaga over two old men on a stage (talking for seven hours)

It's almost time for "Woodstock for Capitalists"! Standard Bank Wealth Head of Innovation and Solutions Chris de Klerk explains...

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
3 hottest JSE stock picks of the week (by Cannon Asset Managers)

3 hottest JSE stock picks of the week (by Cannon Asset Managers)

These three shares are the best investments on the JSE right now, says Cannon Asset Managers Portfolio Manager Samantha Steyn.

No jobs for medical interns as health dept funds dry up - Sama

No jobs for medical interns as health dept funds dry up - Sama

Mark Sonderup, South Africa Medical Association, vice-chairperson says the medical profession is in trouble.

Wa Afrika given 24-hour security after exposing Eskom

Wa Afrika given 24-hour security after exposing Eskom

Times Media Group has provided 24-hour security to Wa Afrika after a confession from the man hired to kill him.

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

Gigaba said he failed to assure Moody's about SA economic policy- senior journo

Gigaba said he failed to assure Moody's about SA economic policy- senior journo

The Finance Minister admitted that he faced difficult questions from investors during his visit to the US, says Simon Marks.

[Watch] All the Foreshore Freeway Project proposals

[Watch] All the Foreshore Freeway Project proposals

Take a look at the 6 six proposals that have been received by the City for the Foreshore freeway precinct.