Christoffel Wiese

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Christoffel H. Wiese
Born (1941-09-10) September 10, 1941 (age 73)
South Africa
Residence Brackenfell, Cape Town, South Africa
Nationality  South Africa
Occupation Businessman
Known for Being a self-made millionaire in the consumer retail industry during Africa's formative years

Christoffel H. Wiese, BA, LLB (born September 10, 1941) is a veteran business leader from South Africa. His source of wealth is consumer retail.[1][2] Wiese attended the Stellenbosch University in Stellenbosch, South Africa and was a resident there. His matriculation was spent at Paarl Boys' High School in the Western Cape region of South Africa.[3]

Personal Life[edit]

Wiese is married and has three children.

Career[edit]

Wiese is worth $2.6 billion and is the Executive Director of South African retail giant Shoprite (JSE: SHP).[1][2] Other known accomplishments in Christoffel's career includes being a chairman of Invicta Holdings Limited (but without executive powers) starting in 2006. Wiese has become the 11th most successful businessman in his chosen fields of industry (accounting, banking, finance, consumer goods, fashion, and retail) and the 69th most successful person in South African history.[4]

Under his leadership, Shoprite started out as a chain of eight supermarkets in Cape Town that was purchased for 1 million Rand (equivalent to $122,000 USD) which eventually blossomed into the multi-billion dollar business status it enjoys today thanks to various acquisitions and innovative expansion strategies made in the first 30 years of operations. After playing a role in helping Shoprite acquire distributor Senta, Wiese started expanding his business into franchising new locations for Shoprite department stores.[5] He also purchased the struggling OK Bazaars from South African Breweries for one rand in 1997; inserting 157 supermarkets and 146 furniture stores to the company and adding jobs to the area.[5] In 2011, Wiese's Shoprite stores were considered to be the sixth overall favourite brand, with a third most valued brand in terms of community upliftment in South Africa.[5] In addition to Shoprite, Christoffel owns more than 1200 corporate outlets under various names.[6] Shares of Shoprite have skyrocketed by 50% on the South African national stock market from March 2011 to March 2012; leading to Wiese making a hefty $1.5 billion profit.[2]

He is legally the 44% owner of Pepkor since becoming the chairman there in 1981 and starting out as an executive director for the retail store Pep from 1967 to 1973.[4] Pepkor is a discount store in South Africa that was founded in 1965.[7] A private game reserve in the Kalahari Desert and the prestigious wine producer - the Lourensford Estate - are some of the properties that Wiese owns.[1][2] Wiese is the 367th wealthiest person in the world and the third wealthiest person in South Africa.[1] The Cape Town Sakekamer awarded with the title of Business Leader of the Year while the South African Council of Shopping Centres awarded him with the prestigious Pioneer of the 20th Century Award.[4]

Lanzerac Manor & Winery[edit]

Wiese has managed to restore a South African farm dating back from the 19th century and converted it into a five-star hotel called the Lanzerac Manor & Winery; where 48 luxury rooms are available for rent.[8] However, he no longer owns the winery as he sold the property to a foreign investment firm for an undisclosed amount of money on March 7, 2012. Wiese originally bought the property in 1991 in order to diversify his wealth.[9]

Accusation of tax evasion[edit]

As of August 2012, SARS accuses Wiese of withholding more than $250 million in taxes to the Government of South Africa. [10]

See also[edit]

References[edit]

  1. ^ a b c d Chrisoffel Wiese at TheRichest.org
  2. ^ a b c d Christoffel Wiese career information at Forbes.com
  3. ^ Article about the richest men in South Africa at Sabsa.co.za
  4. ^ a b c Christoffel Wiese at Who's Whos SA
  5. ^ a b c "History". Shoprite. Retrieved 2008-04-25. 
  6. ^ "Shoprite Holdings Geographical Spread". Shoprite. Retrieved 2011-09-09. 
  7. ^ "Bloomberg Businessweek: Pepkor profile". Bloomberg Businessweek. Retrieved 31 July 2010. 
  8. ^ Lanzerac Manor & Winery information at Lanzerac.co.za
  9. ^ Wiese sells Lanzerac to foreigners at Fin24
  10. ^ South Africa’s third wealthiest man owes the taxman $250 million at Mining.com