Brait News

Christoffel Wiese is a South African businessman and billionaire who built Shoprite Holdings Ltd., a supermarket retailer, from the ground up. Credit: Waldo Swiegers/Bloomberg/Getty Images/The Africa Report

Monopoly Money: The successes and failures of South African billionaire Christoffel Wiese

One of South Africa’s richest business leaders talks about his commercial successes and failures, the debates about race and economics in South Africa and his criticism of the government.

A woman walks past the London Stock Exchange building in the City of London, Britain, January 16, 2017. Credit: Reuters/Toby Melville

South Africa's Brait suspends LSE listing plan on Brexit uncertainty

South Africa’s Brait SE has suspended plans to list on the London Stock Exchange.

Nando's considering IPO

Soon You Could Buy Shares in Nando's

Nando’s Group, the South African fast-food company known for its spicy chicken and fries, is considering a London Stock Exchange IPO, according to people familiar with the matter.

Tesco, Asda and Sainsbury's might soon face tough competition if Africa's retail titan gets his way. (Reuters/Neil Hall)

A South African tycoon is buying up some of Britain's most precious assets: its shops

Christo Wiese, the South African businessman behind Africa’s largest retailer, Shoprite, has his sights on entering the grocery sector in Britain through a possible acquisition.

South African billionaire, Christoffel Wiese, owns about 35 percent of Brait.

South Africa's Brait to raise $541M via convertible bond to fund M&A

South African investment house Brait SE is to raise 350 million pounds ($541 million) via a convertible bond to fund acquisitions, it said on Friday, putting its shares on course for their biggest one-day fall in nearly a year.

Afriflora, a rose farm in Ethiopia, attracted a $200M investment from private equity powerhouse KKR last year.

From milk to roses, private equity investments in Africa on the rise

From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-crisis levels and should keep rising as funds seek bumper returns in far-flung markets.

Chasing that paper: African businesses are splashing out more on M&A in 2015 than ever before (Reuters/Stringer)

African businesses are splashing out more on M&A in 2015 than ever before

Perhaps the most overlooked feature of the oft-challenged ‘Africa Rising’ narrative is that African businesses are growing in self-confidence and belief in their continental competition rather than looking to the West for validation.

Women hold New Look shopping bags on Oxford Street in London, February 12, 2010. REUTERS/SUZANNE PLUNKETT

South Africa's Brait buys Britain's New Look for $1.2B

African investment heavyweight Brait SE (BATJ.J) said it will pay $1.2 billion for virtually all of budget clothes retailer New Look, giving it a substantial presence in Britain’s fiercely competitive fashion retail market.

Billionaire businessman Christo Wiese is the fourth-richest South African with a personal fortune of $7 billion, according to the Bloomberg Billionaires Index. Photographer: Hetty Zantman/Financial Mail/Gallo Images/Getty Images

South African billionaire Christo Wiese has $2B to spend after Virgin Active deal

Brait SE, the Johannesburg-listed company that last week agreed to buy British health-club provider Virgin Active, has a further $2 billion to spend on deals, according to its largest shareholder and billionaire Christo Wiese.

South Africa's Brait to pay $1B for control of Richard Branson co-owned Virgin Active, in biggest M&A deal from Africa so far this year.

South Africa's Brait to pay $1B for control of Richard Branson co-owned Virgin Active, in biggest M&A deal from Africa so far this year

South African investment house Brait SE (BATJ.J) is to pay 682 million pounds ($1 billion) for a controlling stake in gym group Virgin Active, Brait said on Thursday, seeking to tap the growing health-conscious middle classes particularly in Africa and Asia.

The Abraaj Group

Private equity firm Abraaj raises $1.3B for Africa investment

Emerging markets private equity group Abraaj has raised more than $1.3bn for two funds investing in Africa, the largest amount amassed for direct deals across the continent, people aware of the matter say.

Johannesburg, South Africa

Investors keep an eye on the big picture in Africa, in spite of short-term challenges

Concerns about the scale of the Ebola crisis and plunging commodity prices would have had investors fleeing Africa not that long ago. But dealmaking in the sub-Saharan region is buoyant as most investors set aside short-term worries and bet big on growth.

Miller beer by SABMiler

M&A activity heats up in Africa as investors bet on growth

Concerns on the scale of the Ebola crisis, current levels of political unrest and plunging commodity prices would have sent investors rushing out of Africa not long ago.

South African billionaire, Christoffel Wiese, owns about 35 percent of Brait.

Fresh off $2.4B windfall from Pepkor sale, South Africa's Brait on the hunt for up to 3 acquisitions

Brait SE (BAT) is seeking investment targets for the 26.4 billion rand ($2.4 billion) windfall it received from the sale of its stake in Pepkor Holdings Pty Ltd. as shareholders pressure the company to spend the cash.