Personal life. Basson lives with his family on Klein DasBosch wine estate on the banks of the Blaauwklippen river in the Western Cape. In 2004 he participated in the Ice Bucket challenge and donated R100 000 worth of boerewors to schools for them to use in fund rasing events.

Who is owner of Shoprite?

Meet Christoffel Wiese, the South African billionaire behind Shoprite. The Shoprite brand is a popular one both in Nigeria and in many African countries. It is arguably one of the biggest retail chains on the continent presently operating in fourteen African countries.

Who bought checkers for R1?

Massmart, owner of Builders and Game, has sold its loss-making Rhino and Cambridge food businesses to Shoprite Checkers for R1. 36bn, allowing it to divest from fresh food retail and focus on its better-performing businesses as part of a plan to return to profitability.

Who is the CEO of Shoprite Checkers?

Pieter Engelbrecht serves as Chief Executive Officer, Executive Director of Shoprite Holdings Limited.

How much did Whitey Basson earn in 2010?

In 2010, Shoprite's chief executive Whitey Basson took home R627. 5-million. His salary and benefits constituted only R33. 1-million of that amount; the almost R600-million remaining was thanks to his decision to exercise a vast swathe of share options.

Whitey Basson on Steinhoff, Ramaphosa & life after Shoprite

25 related questions found

Is Shoprite and Checkers the same?

Checkers is a FMCG retailer owned by Shoprite that operates in Southern Africa. ... Norman Herber, the chair of Greatermans department stores, was the founder of Checkers. The firm was later expanded and made successful by Raymond Ackerman. The Checkers supermarket chain is part of the Shoprite Group.

What did Whitey Basson do with his money?

James Wellwood 'Whitey' Basson (born 8 January 1946) is a South African businessman and billionaire who was largely responsible for growing a small business called Shoprite from an 8-store chain valued at R1 million into an international retail conglomerate with revenue in 2019 of R150 billion, market capitalisation of ...

How much does Shoprite pay OK?

In 1997, OK's 187 department stores and 22 Hyperamas, on the brink of insolvency, were sold to Shoprite for a token amount of R1. The value destruction of the biggest retail transaction in South African history to R1 led to questions from Breweries shareholders.

How much is Christo Wiese worth?

Wiese had a net worth of US$6.8 billion, but as of December 2017 is reported to be worth only $742 million. He is the executive director of South African retail giant Shoprite (JSE: SHP).

Did Shoprite buy OK?

Shoprite Holdings has bought the OK Bazaars Group from South African Breweries for the nominal sum of R1. ... With the addition of 139 OK Bazaars stores and 18 Hyperamas, Shoprite Holdings will become the largest food retail group in the country, with 400 outlets and an annual turnover of about R16-billion.

How much does the CEO of Shoprite earn?

Shoprite CEO Pieter Engelbrecht, 52, earned a cool R29. 9 million over the past year, an increase of almost 12% from the previous year, when he earned R26. 8 million. As recently as 2019, he earned R21.

Did Shoprite buy Cambridge?

Shoprite is buying Cambridge Food business and Rhino Cash and Carry business (56 grocery stores, including 43 adjacent liquor stores); the Fruitspot business and Massfresh Meat business (four facilities); and 12 Masscash Cash and Carry stores.

Is Shoprite black owned?

Over the past decade, national and international conglomerates began taking over, but the Brown family still owns 11 ShopRite locations in the area, and the Collins family owns another two. Overall, just 2.5% of Philadelphia businesses with employees are Black-owned, according to a 2019 Pew report.

How much was OK sold for?

In 1997 OK's 187 departmental stores and 22 Hyperamas, on the brink of insolvency, were sold to South Africa's youngest and fastest-growing grocery retailer, the Shoprite group, for a token amount of One Rand.

How much does Shoprite make per day?

8.64 million per day… You get the idea. Shoprite is rocking! Shoprite – Africa's largest retailer – makes 100 transactions per second.

Is Shoprite owned by one person?

So who is Shoprite owned by? The Shoprite Group does not have one owner as it is owned by a big number of different shareholders. However, the company has some key people. Pieter Engelbrecht is the current Shoprite CEO who assumed office on January 1st, 2017.

How long did Whitey Basson work at Shoprite?

Basson's decision to retire brought to a close a remarkable career of nearly 45 years, virtually all of which was spent with Shoprite, in which the business grew from a small eight-store chain with a value of R1 million to a globally respected retailer with a market capitalisation of R114 billion, and almost 140 000 ...

Who was the CEO of Shoprite Holdings Ltd for 2019?

Pieter Engelbrecht is the Chief Executive Officer (CEO) of Shoprite Holdings.

How old is Checkers stores in South Africa?

Here's a brief look at our journey to becoming SA's most loved retailer: 1956 Our first store opens in Mayfair, Johannesburg.

How does Checkers contribute to the economy?

The Checkers Xtra Savings Rewards Programme is helping millions of South Africans to save on their daily groceries. This rewards programme gives customers extra cash savings on more than 1 000 products.

How many stores does Cambridge have in South Africa?

Expanding from its humble beginnings as a food retailer with 6 stores across KZN in 1990, Cambridge Food now operates in over 60 stores across South Africa.