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Shoprite Holdings Ltd (SHPJ.J)

SHPJ.J on Johannesburg Stock Exchange

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Wed, Jun 27 2018

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South Africa's Wiese cuts Shoprite stake after Steinhoff hit

JOHANNESBURG South African tycoon Christo Wiese sold part of his stake in grocer Shoprite on Wednesday, raising 3.6 billion rand ($264 million) and shoring up his finances, which were dented by his exposure to scandal-hit Steinhoff.

South Africa's Wiese cuts Shoprite stake after Steinhoff hit

JOHANNESBURG, June 27 South African tycoon Christo Wiese sold part of his stake in grocer Shoprite on Wednesday, raising 3.6 billion rand ($264 million) and shoring up his finances, which were dented by his exposure to scandal-hit Steinhoff.

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