Loading...
See More

Wiese sells Lanzerac to foreigners

Mar 07 2012 16:21 Fin24

Company Data

SHOPRITE HOLDINGS LIMITED [JSE:SHP]

Last traded 164
Change 0
% Change 0
Cumulative volume 795784
Market cap 0

Last Updated: 01-04-2015 at 04:15. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Brait: A smart move for Wiese?

Wiese wants his money back

Central bank may probe Wiese incident

Top UK barrister for Wiese appeal

Shoprite boosts first-half profit

Shoprite sees scope for 700 stores in Nigeria

 
Johannesburg - Shoprite Holdings [JSE:SHP] chairperson Christo Wiese has sold his wine estate Lanzerac outside Stellenbosch to a foreign buyer for an undisclosed amount.

Wiese confirmed the sale of the farm, which includes a five-star hotel, on Thursday. He bought the place in 1991 and refurbished and expanded it.

“It has been sold as a going concern and the new owner is keen to continue with it in its present form,” Wiese said. “All members of staff are being retained.”

Wiese, who also owns the large agricultural enterprise Lourensford outside Somerset West, said he was scaling down his farming to devote more time to his retail and other business interests.

shoprite  |  christo wiese  |  wine industry  |  wine farms

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
8 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

The Fast and Furious R40 million

With the Fast and the Furious 7 hitting South African cinema’s this April, all eyes are on the cars and we’re in for a treat!

 
 

Luxury living

This is the most expensive burger in the world!
Exclusive food items that WILL break the bank
Top 10 most expensive homes in the world
You can permanently live on a ship and sail the world!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How will you manage Vodacom’s price hike for contracts?

Previous results · Suggest a vote

Loading...