Christo Wiese replaces his son with dealmaker on Brait’s board

2019-10-03 10:13

Paul Roelofse 'led a number of pioneering transactions during his banking career,' the group said.

There was a voting bungle at Virgin Active's owner - it made billionaire Christo Wiese seem less unpopular than he actually is

2019-08-19 13:13

Due to "inadvertent errors", the initial results of a recent shareholder vote at Brait were wrong.

Further blow for billionaire Wiese as Brait struggles with losses

2018-06-19 17:22

Billionaire Christo Wiese has received more bad news as shares of the investment company in which he’s the biggest shareholder fell after the firm posted an annual loss.

Brait shareholders accept resolutions at AGM

2017-07-26 15:06

Shareholders of Brait have been advised that all the ordinary and extraordinary resolutions tabled at its AGM have been approved.

JSE recovers as Naspers rebounds from sell-off

2017-06-13 18:51

The JSE edged higher following the relief bounce in Tencent seen in Hong Kong. The move saw Naspers gain 0.70% and close at R2542.76

Brait posts loss as value of UK deals hurt by Brexit vote

2016-11-17 08:54

Brait has reported a first-half loss as the pound’s weakness against the rand cut into the net asset value of the UK units it bought last year.

Doing business in Africa is a marathon, not a sprint - SA's richest man

2016-08-19 18:59

You have to get in tune with the rhythm and you have to understand that it is a marathon and not a sprint, says SA billionaire Christo Wiese.

Brait bonus share issue approved

2016-08-12 16:18

Investment holding company Brait says the bonus share issue with cash dividend alternative proposed by its directors has been approved by shareholders.

Brait sees 76% boost in net asset value on UK buys

2016-06-14 09:36

Brait has reported a 76.7% increase in its net asset value as its UK acquisitions, Virgin Active and New Look, produced good results.

SHARE WATCH: Beware momentum shares

2016-02-29 06:56

Momentum investing can be a very dangerous game, cautions Overberg Asset Management's Kirk Swart in this week's "five shares to watch".


Virgin Active’s owner and Christo Wiese in talks about new plan

2019-09-23 13:20

The broad debt-reduction plan could involve fund raising, cost cuts and asset sales.

Steinhoff Africa, Brait put investors on hook for manager loans

2018-06-21 20:15

In 2011, two companies linked to billionaire Christo Wiese offered managers the option to buy shares in the businesses funded by bank loans guaranteed by the companies.

Fashion retailer linked to Christo Wiese facing insurance cover woes - reports

2018-01-09 07:00

Suppliers to UK fashion chain New Look, which is majority-owned by Christo Wiese’s investment company Brait, have had their insurance cover axed, according to UK media reports.

Wiese's Brait seeks growth in Asia as SA and UK wilt

2017-06-14 08:16

Brait plans to expand its Virgin Active gym chain in the Asia Pacific as it battles difficult operating conditions in its biggest markets, including South Africa and Britain.

Brait results show impact of stronger rand to pound

2017-06-13 13:50

Investment company Brait has released its results for the financial year ended March 31 2017, showing the impact of the stronger rand against the pound.

Virgin Active-owner Brait seeks UK listing, new funding

2016-09-15 13:58

Brait SE, the SA investment firm that owns UK chains Virgin Active and New Look, plans to list on the London Stock Exchange and will consider selling new equity to fund future deals.

SA’s richest man says part sale would help Eskom and SAA

2016-08-19 07:00

Eskom and SAA would be better run if they were partially sold to private investors, helping to solve economic challenges, says SA’s richest man billionaire Christo Wiese.

Billionaire Wiese’s UK chains ready for either Brexit outcome

2016-06-14 12:59

New Look, Iceland Foods and Virgin Active are prepared for either outcome when the UK votes on whether to remain in the European Union next week, says Brait CEO.

Brait net asset value per share jumps 80%

2016-05-24 10:07

Brait says it expects its net asset value per share for the year ended March 31 to increase by 74% to 80% to between R134.19 and R138.82.

Brait to sell Consol Glass, Primedia stakes

2016-02-11 16:43

Brait SE plans to sell stakes in Consol Glass and and cinema-chain owner Primedia over the next two years as the company looks to invest in higher-growth markets.

Most Read
News In Your Area
Top Lifestyle
Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.