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Wiese, worth $7bn, helps South Africans own land for R1 850

Christo Wiese, Shoprite Chairman

30 April 2015

Focused on helping millions make a more modest purchase to secure the title to the land on which they live.


By Chris Spillane

Christo Wiese, Shoprite Chairman

Christo Wiese, Shoprite Chairman

Christo Wiese, who led a $1 billion takeover this month, says he’s also focused on helping millions of South Africans make a more modest purchase: The R1,850 ($156) they need to secure the title to the land on which they live.

Wiese, South Africa’s fourth-richest man with a personal fortune of $7 billion according to the Bloomberg Billionaires Index, says that more than two decades after the country’s first democratic elections millions of South Africa’s citizens have no legal right to their dwellings.

Read the full article from Moneyweb.

 

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