Retail
Christo Wiese seeks to allay market fear after selling Shoprite shares worth almost R1bn
Subsidiary of group owned by retail tycoon sells more than 3.8-million shares, but he says it was merely housekeeping ahead of his retirement
14 October 2023 - 11:08
UPDATED 15 October 2023 - 17:21
Billionaire Christo Wiese, who last week unexpectedly sold nearly R1bn of Shoprite shares, says the move was merely part of his family business doing some housekeeping ahead of his retirement.
This comes after retail group Shoprite on Friday told shareholders that Wiese had sold 3.83-million ordinary shares on Wednesday at R245 a share through a subsidiary of his company, Titan Premier Investments...
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