It [Checkers] wasn’t a bad business; it was just badly focussed.— Whitey Basson
Why is Shoprite successful? Christo [Wiese] never interfered in the running of the business.— Whitey Basson
If I would reinvest today, I would probably invest in tourism.— Whitey Basson
I was so tired! I couldn’t lose sleep; I would’ve died! But I never had a doubt we could turn it [OK Bazaars] around.— Whitey Basson
Love or hate him; former Shoprite CEO Whitey Basson is a retail genius.
Basson led Shoprite from 1979 to 2016.
It grew under Basson from eight tiny stores with a combined value of R1 million into Africa’s largest retailer, with a market cap of R127 billion.
Basson was, until his retirement at the end of last year, South Africa’s best paid executive, by far.
In 2016; Basson’s remuneration totalled R100.1 million.
Shoprite was also compelled to buy back shares from Basson to the value of R1.8 billion.
Listen to the interview in the video/audio below (and/or scroll down for more quotes from it).
I’ve been ‘Whitey’ since I can remember… I had blond hair as a child…— Whitey Basson
I wanted to become a medical student… I got admitted to UCT, but never went.— Whitey Basson
We [Christo Wiese] were very close at varsity…— Whitey Basson
…Van Rooyen [Pep] had a passion for supplying affordable clothing…— Whitey Basson
Between 1974 and 1977/1978, I basically ran Pep stores at the mature age of 28.— Whitey Basson
A lot of landlords didn’t want us… they were a bit upmarket!— Whitey Basson
South Africa has all the elements to be a world-class country that provides a decent standard of living for everybody.— Whitey Basson
In South Africa we have so many regulations, it drives you crazy.— Whitey Basson
Nataniël is a good friend. He comes from Porterville, but doesn’t admit it.— Whitey Basson
OK Bazaars was not a lucky break… I stalked them [SAB] for three years…— Whitey Basson
Maputo was easy, because it’s close...— Whitey Basson
I knew Egypt wasn’t going to stand the test of time…— Whitey Basson
I don’t think I ever looked at my salary in the last three years...— Whitey Basson
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