We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Retail tycoon Christo Wiese, who took a serious beating on Steinhoff International, has made his first significant new investment in about four years by pumping more than R1bn (£50m) directly into fitness chain Virgin Active.

Virgin Active is controlled by investment company Brait, where Wiese is also the largest investor. That might have been perceived as a positive for Virgin Active, which is trying to work its way back to 2019’s earnings before interest, tax, depreciation and amortisation (ebitda) figure of £140m (R2.8bn)...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now