It is mandatory to procure user consent prior to running these cookies on your website.âEveryone who has participated, and remember they have not been found guilty yet, in fact they have not even been arrested yet, which is also something that puzzles me. Wiese did not authorise the biography so it would not be surprising to see his version of his life some time in the future. "But as I unpacked in my book, he's an interesting guy and he'd probably disagree with you but he'd do it in an nice fashion," said Strydom. The PIC is wholly owned by the government and … These cookies do not store any personal information.âI count my blessings because if this fraud had been allowed to go on for another year or two, I would have lost everything, including Shoprite. This category only includes cookies that ensures basic functionalities and security features of the website. Christo has 3 jobs listed on their profile. He also owns a large stake in discount clothes, shoes and textiles chain Pepkor, where he is executive chairman. See the complete profile on LinkedIn and discover Christo’s connections and jobs at similar companies. Christo Wiese holds forth at the launch of a biography of him by TJ Strydom, left, hosted by James Styan at The Book Lounge in Cape Town on May 16 2019.
Retailer Christo Wiese once had so much wealth it was impossible to imagine how he could spend it all. In other words a retail business that had become global, that was the vision for the business as a whole.ââI am putting in my claim with all the other claims, there are 182 banks, there are at least I think, there are at least 16 other claimants that are in a similar situation to my company and we need to sit down and decide all these people need to sit down and decide how they will take the company forward or if they so decide to liquidate the company which will be bad because I think at the last count there are 100,000 people working in Steinhoff there are very valuable businesses in Steinhoff primarily my businesses that I sold to Steinhoff so it would be a shame if that was the outcome but at the end of the day creditors have to make that call.A legal battle that is likely to make even more headlines in the Steinhoff saga.Yet it all turned sour and Wiese says he faces a long legal battle for the chance of seeing a penny back from Steinhoff and admits it is going to be tough.Watch the full interview with Christo Wiese at 7.30pm CAT on June 25 CNBC Africa channel 410.Necessary cookies are absolutely essential for the website to function properly. Today what is in Steinhoff 60 or 70% came from my companies of what is left in Steinhoff belongs not to shareholders but to Steinhoff creditors. ... when his wife … I thought that by putting these businesses together we could create what we called a prospective African champion. That is how the legal system works and it is those creditors who will have to sit around the table and decide how the assets that are still in Steinhoff have to be divided there is no way in the world any one of these creditors can be paid in cash, only paid in kind,â he said.Sign up for free newsletters and get more CNBC AFRICA delivered to your inboxIt could have been a lot worse Wiese told CNBC Africa in an exclusive interview at his Pepkor headquarters in Paarl, near Cape Town.Copyright Africa Business News Pty. "When I saw what he had done was build a major ponzi scheme I wrote the cheque for R59bn and put it in. Christo Wiese: Biography.
The retail billionaire, who has recovered his net worth by extricating himself from Steinhoff to around $1.1 billion, according to Forbes, believes that culpable Steinhoff decision makers should feel the full might of the law.âI had businesses in more than 30 countries before I did the Steinhoff deal, letâs put that in perspective. "I never expected it, and there were people more intelligent than me who also did not work it out," he said. A short distance away, retail tycoon and Steinhoff’s former chairman, Christo Wiese, sold Lanzerac in 2012 to a “mystery buyer”. "We only found one of them," he said. Ltd. © 2020. Billionaire Christo Wiese says he was on the verge of losing everything in the Steinhoff scandal. I decided not to become a bitter person because that destroys my life,â says Wiese.âThis is the biggest and fastest drop we have ever seen in the real time net worth of any individual on the Forbes rich list,â Dolan said.Douglas noted that every presidential election since 1845 has gone forward as scheduled, even in the midst of wars and pandemics.Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Christoffel Wiese built his Pepkor retail empire by offering bargain prices in South Africa, and expanded into other African countries. South Africa’s third richest man, Christoffel Wiese, is the chairman and the largest single shareholder of Africa’s biggest retailer, low-priced supermarket chain Shoprite.