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.


Recommended

by NEWSROOM AI
Read More
Got loans? Save money! You’re paying for insurance (even if you don't know it)

Got loans? Save money! You’re paying for insurance (even if you don't know it)

The Money Show’s Bruce Whitfield interviews Nkazi Sokhulu, co-founder and CEO at credit life insurance provider Yalu.

FoodForward SA eases hunger by distributing good food that would’ve been wasted

FoodForward SA eases hunger by distributing good food that would’ve been wasted

14 million South Africans go hungry every day. Bruce Whitfield interviews Andy Du Plessis, Managing Director at FoodForward SA.

We need to deracialise our thinking - Sandile Zungu (Black Business Council)

We need to deracialise our thinking - Sandile Zungu (Black Business Council)

The Money Show’s Bruce Whitfield interviews newly elected Black Business Council president Sandile Zungu.

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
DStv Premium on a downward spiral, warns tech guru

DStv Premium on a downward spiral, warns tech guru

DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.

ANC Tshwane gives mayor ultimatum on non-compliant buildings

ANC Tshwane gives mayor ultimatum on non-compliant buildings

ANC in Tshwane has given the Executive mayor Solly Msimanga 48 hours to produce occupation certificates for three buildings.

Athol Trollip: We respect the court's judgment

Athol Trollip: We respect the court's judgment

Trollip says the DA respects that NMB has a new government, saying that he has learned fundamental lessons about coalitions.

Don't blame racism on illness says Eusebius

Don't blame racism on illness says Eusebius

Eusebius McKaiser says it is not unethical for the media to accurately quote the word k***ir if it was used by someone.

Hits from the bong (it’s legal!)… then off to work I go?

Hits from the bong (it’s legal!)… then off to work I go?

The consequences of consuming dagga at home and showing up at the office high. Bruce Whitfield interviews a labour lawyer.

[LISTEN] 'Lesufi has been attacking Afrikaans schools since 2014'

[LISTEN] 'Lesufi has been attacking Afrikaans schools since 2014'

The Freedom Front Plus says the Gauteng Education MEC has flouted school language policies and is destroying Afrikaans.