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Steinhoff investor Wiese sells part of Shoprite stake

By: Reuters     21st December 2017 South African investor Christo Wiese has sold an additional R1.1 billion of shares in supermarket group Shoprite, exchange filings showed on Thursday, after his exposure to scandal-hit retailer Steinhoff dented his fortune. More than $14-billion of shareholder value has been wiped off Steinhoff... 

Wiese resigns as Steinhoff chairperson in wake of accounting scandal

By: Reuters     15th December 2017 South African tycoon Christo Wiese resigned on Thursday as chairperson of Steinhoff, the latest setback for the retail group in the throes of an accounting scandal. Once a must-have for investors who backed its reinvention from small furniture outfit into a retail empire, Steinhoff has seen its... 

Billionaire Wiese sees opportunity to combine diamond mines

By: Bloomberg     23rd August 2016 Christo Wiese, South Africa’s richest man, sees opportunities to consolidate diamond operations in the region after buying a stake in a Cape Town-based miner of the precious stones. Wiese, 74, has always been “fascinated’’ by diamonds and saw good value in  Trans Hex Group Ltd., he said in an... 

M&A activity in sub-Saharan Africa drops 3% in 2014

By: Natasha Odendaal     19th January 2015 The value of announced merger and acquisition (M&A) transactions involving sub-Saharan African targets contracted marginally to $28-billion in 2014, the latest Thomson Reuters investment banking analysis for the region showed. The most targeted nation for M&A deals on the continent was South... 

Specialist adopts automated dry shake hardener application technology 

By: Leandi Kolver     13th April 2012 Industrial flooring specialist Concrete Laser Flooring (CLF) will, this month, introduce a US-manufactured spreader machine, which automatically applies dry-shake concrete hardener to floors, to the local market, CLF director Peter Norton tells Engineering News. 

Laser screed equipment range ensures flat industrial concrete floors

6th April 2012 Laser screed machine technology has contributed to flooring technology firm Concrete Laser Flooring’s (CLF’s) success in laying consistently flat flooring for distribution centres, high-rack warehouses and storage depots. 

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