Africa-Press – South-Africa. Retail billionaire Christo Wiese has, through his investment vehicle Titan Premier Investments, bought R6.87 million worth of shares in Shoprite.
This came as his son, JD Wiese, sold R6.87 million worth of Shoprite shares through his investment firm, Mayborn Investments.
Shoprite informed shareholders of these transactions on 7 April 2026, saying both the sale and purchase took place on 2 April 2026.
Both transactions were on-market and saw father and son buy and sell, respectively, 25,000 Shoprite shares at R274.60 each. This amounts to a total value of R6.87 million per transaction.
These Shoprite transactions come exactly one month after the Wiese family members concluded an inverse deal in Invicta Holdings’ shares in early March.
On 2 March 2026, Christo, through Titan, sold R482.16 million worth of Invicta shares, this time off-market.
On the same day, JD, this time through Thibault Square Financial Services, bought R482.16 million worth of Invicta shares, off-market.
Both of these transactions dealt with 13.54 million Invicta shares at an average price of R35.62. Invicta is a JSE-listed industrial holding company.
Christo currently serves on Invicta’s board as its chairman, while JD is a non-executive director of the company.
Christo has a long-standing relationship with Shoprite and has widely been credited as one of the people who helped the retail giant dominate the South African market.
Christo first entered the local retail market in the 1970s, when he acquired a controlling interest in Pep Stores.
He served as an executive director at Pep Stores for years, until 1981, when he bought his cousin out of the business, thereby acquiring a 44% stake and becoming the group’s chairman.
By then, Pep Stores had grown significantly and had acquired Shoprite, a then-small retailer that would boom in the years to come.
Under Christo’s tenure as chairman, Shoprite and Pep expanded significantly, growing their store networks and acquiring companies like Cashbuild, Checkers, Ackermans, and OK Bazaars.
Christo also oversaw the unbundling of Pep’s, now known as Pepkor’s, food interests, which led to Shoprite’s listing on the JSE. Pep’s clothing interest would soon follow with the listing of PEP Limited.
Today, both Pepkor and Shoprite are two of South Africa’s biggest and most successful retailers, with thousands of stores in their networks and market caps of R85.92 billion and R168.41 billion, respectively.
Today, Christo is still a non-executive director of Shoprite, and while he is no longer on Pepkor’s board, he holds a significant interest in the company’s shares.
Daily Investor reached out to Christo and Titan regarding their recent purchase of Shoprite shares from Maybron.
A spokesperson told Daily Investor that the sale of the 25,000 Shoprite shares from Mayborn to Titan was part of the reorganisation of the Wiese Family shareholding in Shoprite between different family entities.
For More News And Analysis About South-Africa Follow Africa-Press
