Advertise with fastmoving.co.za
 
 

WHITEY BASSON NEWS ON FASTMOVING

Subscribe to whitey basson

Whitey stands by Christo Wiese

Whitey stands by Christo Wiese

17/01/2018 - 14:47
Former Shoprite Holdings CEO Whitey Basson says he vouches for the honesty of his friend and fellow Shoprite shareholder of many years, former Steinhoff chairman Christo Wiese, and will assist the collapsed furniture, apparel and home products retailer if he can. read more
Basson takes up nonexecutive role at dairy group Clover

Basson takes up nonexecutive role at dairy group Clover

16/01/2018 - 10:48
Whitey Basson is back in the driving seat months after his exit from Shoprite, accepting an offer to become an independent nonexecutive director of JSE-listed dairy group Clover. read more
New era at Shoprite as Wiese and Steinhoff take full control

New era at Shoprite as Wiese and Steinhoff take full control

06/09/2017 - 13:45
Steinhoff and Christo Wiese are to emerge as the outright controlling shareholders of Shoprite after Shoprite shareholders’ backed the repurchase of 8.7-million shares from former CEO Whitey Basson. read more
Shoprite investors approve R1.7bn repurchase of Whitey Basson’s shares

Shoprite investors approve R1.7bn repurchase of Whitey Basson’s shares

05/09/2017 - 14:43
Shoprite shareholders voted in favour of the purchase of about R1.75bn of shares from former CEO Whitey Basson, enabling Africa’s largest food retailer to buy at a discount to the current share price. read more
Education fund may smooth way for Shoprite’s Basson repurchase

Education fund may smooth way for Shoprite’s Basson repurchase

08/08/2017 - 15:01
The establishment of an R84m fund to educate previously disadvantaged individuals might help to secure sufficient shareholder support for Shoprite’s plan to repurchase R1.7bn worth of shares from former CEO Whitey Basson. But analysts say minorities will be reluctant to back the proposal. read more
Shoprite sales edge forward

Shoprite sales edge forward

19/07/2017 - 10:06
The Shoprite share price slumped almost 2% after the company released a trading update that pointed to a disappointing performance in the six months to July 2 2017. read more
Hush-hush Shoprite deal stuns investors

Hush-hush Shoprite deal stuns investors

15/05/2017 - 08:45
Back in 2011, when critics got into a flap about the R595m that former Shoprite CEO Whitey Basson made when he exercised a chunk of the share options he’d received as part of his remuneration package, chairman Christo Wiese told the Financial Mail: "I would pay R1bn in the middle of the night for another Whitey." read more
Shoprite interest up as Whitey Basson sells stock

Shoprite interest up as Whitey Basson sells stock

08/05/2017 - 09:34
The unprecedented move will add about R144m to Shoprite’s annual interest bill. read more
Shoprite looks beyond Africa to Eastern Europe

Shoprite looks beyond Africa to Eastern Europe

13/04/2017 - 09:52
Africa’s biggest grocery retailer Shoprite is considering a push into South America and Eastern Europe, where it will leverage off its former suitor Steinhoff International which already has operations in the region, its new CEO told Reuters. read more
Whitey Basson leaves behind ‘excellent’ team

Whitey Basson leaves behind ‘excellent’ team

24/02/2017 - 16:44
The Shoprite icon delivers the last results under his watch, with numbers blowing past expectations and operations thriving in the rest of Africa.  read more
Shoprite’s interims a fitting sendoff for Whitey Basson

Shoprite’s interims a fitting sendoff for Whitey Basson

21/02/2017 - 10:03
The retailer says the drought and its effect on agricultural production, along with the high replacement cost of basic food imports, pushed up internal inflation. read more
Whitey Basson to step down as Shoprite CEO

Whitey Basson to step down as Shoprite CEO

31/10/2016 - 10:41
Whitey Basson will be succeeded as Shoprite CEO by chief operating officer Pieter Engelbrecht on January 1, the grocery chain announced at its annual general meeting on Monday morning. read more
Shoprite posts higher profit, but CEO warns about economy’s woes

Shoprite posts higher profit, but CEO warns about economy’s woes

24/02/2016 - 10:52
Whitey Basson, CEO of Africa’s largest grocer, Shoprite, on Tuesday (23 Feb) took aim at the government for what he said was its neglect of the basics, such as job creation, crime, and education. read more
Shoprite bemoans rising power costs

Shoprite bemoans rising power costs

27/02/2015 - 10:38
Shoprite says the quickly rising cost of power is more than offsetting relief gained from lower fuel prices. read more
Shoprite focuses on furniture stores

Shoprite focuses on furniture stores

26/02/2015 - 11:34
Shoprite is planning an "aggressive new store rollout" in the beleaguered furniture market that includes 68 new stores by the end of June, 53 of which will be in sites formerly occupied by failed competitor Ellerines. read more