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James Wellwood "Whitey" Basson (born 8 January 1946) is a South African businessman and billionaire who was largely responsible for growing a small business called Shoprite from an 8-store chain valued at R1 million [2] into an international retail conglomerate with revenue in 2019 of R150 billion, market capitalisation of R114 billion, more than 2 300 stores and 140 000 employees across 15 ...
Checkers is a FMCG retailer owned by Shoprite that operates in Southern Africa. Checkers currently has 37 Checkers Hypers and 202 Checkers supermarkets operating in Botswana, South Africa, and Namibia. The supermarket chain focuses more strongly on fresh produce and offers a wider range of choice food items to a more affluent clientele (LSM 8 ...
Shoprite Holdings Ltd (Shoprite) is Africa’s largest supermarket retailer. The company's headquarters are in Brackenfell in the Western Cape province of South Africa . Shoprite is a public company listed on the Johannesburg Stock Exchange and A2X Markets in South Africa, with secondary listings on both the Namibian and Lusaka stock exchanges.
Shares of Shoprite rose by 50% on the South African stock market from March 2011 to March 2012, with Wiese making a $1.5 billion profit. [4] Wiese had a net worth of US$6.8 billion, [10] but as of December 2017 is reported to be worth only $742 million. [11] He is the executive director of South African retail giant Shoprite (JSE: SHP). [4]
Checkers [4] Checkers Hyper; Checkout renamed as Checkrite [5] Choppies [6] Devland Metro Cash & Carry [7] Friendly (OK Franchise) Discount Cash & Carry; Food Lover's Market; Foodzone Group; Game Stores; Jumbo Cash & Carry; Kit Kat Group [8] Makro; MEGASAVE (Cash & Carry) OK Bazaars; OK Grocer; OK Minimark; OK Value; Pick n Pay Stores; Pick n ...
A highly leveraged management buy-out in the late 1980s left Pathmark saddled with too much debt, and the supermarket chain had no cash to fix up its stores, or invest in lower prices. At the same time, ShopRite stores were being replaced and rebuilt, stealing market share away from Pathmark.
The largest supermarket chain in Africa is the Shoprite group. ... Checkers [8] Choppies Supermarkets ... Ndoli Super Market; Mr Price Group; São Tomé and Príncipe
It was estimated that Shoprite had captured 10% of the grocery market in Scotland. In May 1994, Shoprite had to release its unaudited interim results as there were rumours of poor trading performance. The results showed that sales were up 59% but profits were down, which saw the share price fall from 242p to 50p.