Christo wiese
Why Shoprite wants to pay Christo Wiese R3.3bn
Why is Shoprite asking its shareholders to approve the payment of R3.3 billion to Christo Wiese in exchange for his high-voting shares?
Besides ordinary shares, Shoprite’s capital structure includes deferred shares which carry about 32.3 percent of the voting rights at Shoprite.
Former chairman and top shareholder Christo Wiese had said last month he is open to negotiations over a $4 billion claim against the company, days after it revealed the scale of a devastating accounting fraud.
The South African retailer said on Friday that an independent report had found it had overstated profits over several years in a $7.4 billion accounting fraud involving a small group of top executives and outsiders.
Committee chairperson Yunus Carrim on Wednesday told former CEO Markus Jooste he was portraying himself as the 'Mother Theresa' of Steinhoff.
The billionaire businessman spoke to Talk Radio 702 host Bruce Whitfield about the allegations reported by amaBungane that he's at the centre of a multi-billion-rand tax evasion.
AmaBungane has obtained court papers which apparently reveal that Sars is trying to recover R3.9 billion in taxes and penalties dating back to 2007.
Investigative group AmaBungane has obtained court papers which reveal that the Sars is trying to recover R3.9 billion in taxes and penalties from businessman Christo Wiese.
Investigative journalism team AmaBhungane has released a damning report on Wiese’s alleged tax evading.
Talk Radio 702’s Bruce Whitfield spoke to RECM chairperson Piet Viljoen about his online piece analysing the former Steinhoff CEO’s character.
The 'Financial Mail' editor has already interviewed key players in Germany, the Netherlands and South Africa ahead of the publishing of 'Steinheist: Inside SA's Biggest Corporate Fraud'.
The businessman will retain his non-executive directorship of Brait and has appointed his son Jacob Wiese as an alternate at the firm.
The 'Business Day' is reporting that, ironically, the transactions listed in Christo Wiese's legal claim came under fire at the time because of a potential conflict of interests
Former Steinhoff chairperson Christo Wiese says the investigation must continue into former CEO Markus Jooste, also to find out exactly who else was involved in possible criminal activities.
Wiese's titan group of companies is now looking to recover R59 billion from Steinhoff.
Christo Wiese has announced that his Titan Group is suing Steinhoff for R59 billion to recover money invested in the company in 2015 and 2016.
These claims relate to cash investments made by the Titan Group in Steinhoff in 2015 and 2016 and involve both Steinhoff in the Netherlands and here on home soil.
Christo Wiese says he became aware of problems at Steinhoff three working days before the company’s accounts had to be finalised for a board meeting last month.
Nigeria’s Aliko Dangote remains the richest and Christo Wiese is a billionaire once more according to the latest Forbes rich list.