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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.

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.

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 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.