Christo Wiese inks R414m worth of deals for Shoprite shares
A Wiese-linked company has entered into a series of deals for Shoprite shares, representing about 0.3% of what the retail group has in issue
13 December 2021 - 12:49
Former Shoprite chair Christo Wiese has secured contracts for R414m worth of the retail group’s stock, an indication of his continued interest in a group, the shareholders of which only narrowly returned him to the board recently.
Shoprite said in an announcement on the JSE’s news service on Friday that Toerama, of which Wiese is a director, reached a series of contracts earlier in December to buy a total of 2-million shares, representing about 0.3% of what Shoprite has in issue...
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.