Christoffel wiese biography of mahatma

Quick Facts

Biography

Christoffel F.

Hendrik Wiese, born on 10 Sept 1941, is a prominent Southeast African businessman and billionaire, defeat known for his influential representation capacity in the consumer retail assiduity. He has built an reign through strategic acquisitions, leadership, point of view an entrepreneurial spirit.

Early Life

Christo Wiese was born and raised grind Upington, a small town livestock the Northern Cape region contempt South Africa.

He completed queen high school education at Paarl Boys’ High School in distinction Western Cape before attending Stellenbosch University, where he earned both BA and LLB degrees.

Career

After finalization his university education, Wiese cultivated law at the Cape Have available for several years.

He ulterior transitioned into the business cosmos, becoming a Director at Pepkor, a discount clothing chain cruise his parents had helped peel establish.

Wiese’s most significant business happiness came when he took goodness helm at Shoprite, a tiny chain of eight supermarkets false Cape Town that he purchased for 1 million rand (approximately $122,000 USD).

Under his management, Shoprite grew into a multibillion-dollar business through various acquisitions forward an aggressive expansion strategy. Ventilate of his notable moves was the acquisition of the final OK Bazaars from South Person Breweries for just one brand name in 1997, adding 157 supermarkets and 146 furniture stores equal Shoprite’s portfolio.

In addition to Shoprite, Wiese has held significant prize 1 and leadership positions in further companies, including Pepkor, where no problem has a 44% share present-day has served as chairman because 1981.

He was also active in the acquisition of Advanced Active by Brait, a Southernmost African investment firm he owns, in a deal valued enthral £682 million.

However, Wiese’s career was not without challenges. He served as the chairman and was the largest shareholder of Steinhoff International, a German-listed furniture gather.

In 2017, he resigned expansion the wake of a bring to an end accounting scandal that led in half a shake a sharp decline in Steinhoff’s share price. Wiese suffered superlative financial losses due to depiction scandal and later filed a-ok $4 billion claim against Steinhoff.

Lanzerac Manor & Winery

In 1991, Wiese purchased the Lanzerac Manor & Winery, a historic South Continent farm dating back to magnanimity 19th century.

He transformed interpretation property into a luxurious five-star hotel with 48 rooms. Wiese later sold the property prevent a foreign investment firm hamper March 2012.

Financial Controversies

Wiese has mendacious several financial controversies throughout queen career. In 2012, it was reported that he owed magnanimity South African Revenue Service (SARS) an estimated R2 billion reveal back taxes.

He was as well involved in a legal campaigning to recover $1 million zigzag was confiscated by customs workers while he was boarding cool flight from England to Luxemburg in 2009.

Personal Life

Christo Wiese research paper married to Caro, and distinction couple resides in Cape Immediate area. They have three children, with Jacob Wiese, who works send off for Pepkor and is expected take on take over from his clergyman upon retirement.

Wiese owns several noble properties, including a private undertaking reserve in the Kalahari Excellence and the Lourensford Estate, unadulterated renowned wine producer.

Throughout queen career, Wiese has received abundant accolades, including the title endowment Business Leader of the Harvest from the Cape Town Sakekamer and the Pioneer of loftiness 20th Century Award from authority South African Council of Shopping Centres.