Clare Wiese, the daughter of SA’s richest man, Christo Wiese, made history on Thursday when she put in the highest bid achieved to date on a residential property auction in the country. Wiese’s R90m bid was enough for her to clinch a villa in Cape Town’s exclusive suburb of Clifton, already home to some of the most expensive real estate in SA, with properties nestled on cliffs that have sweeping views of the Atlantic Ocean. "We are very excited about the purchase. I have lived in Clifton all my life and consider it home‚" said Wiese, an accomplished businessperson herself and the founder of contemporary fine jewellery brand Paka Paka. Her father is the chairperson and largest shareholder of both Shoprite and Steinhoff. The six-bedroom mansion in Nettleton Road — arguably the most exclusive street in the country — was developed by property mogul Stuart Chait‚ who co-founded MvelaProp with Tokyo Sexwale. Sasfin Bank had been a partner. But Chait said the bank considered it "too big ex...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.