South Africa's Wiese-related firm Brait falls sharply on Steinhoff woes
HOME CAREERS CONTACT US LOGIN

South Africa's Wiese-related firm Brait falls sharply on Steinhoff woes
JOHANNESBURG (Reuters) - Shares in Brait SE, a South African investment heavyweight in which tycoon Christo Wiese owns about a third of its stock, slumped 6 percent on Wednesday in what one fund manager said was a knock-on effect from a sell-off in Steinhoff.

Wiese is the top shareholder in Steinhoff, which dropped nearly 70 percent after revealing accounting irregularities and its CEO quit, shocking investors and tarnishing Wiese's image as one of South Africa's most respected stewards of shareholder capital.

(Reporting by Tiisetso Motsoeneng and TJ Strydom; Editing by James Macharia)

2017-12-06 14:20:10


© 2017 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Most read today
Most read yesterday
Send e-mail to for any enquiries or see Contact Details for phone numbers
Home   •   Terms & conditions   •   PAIA   •   Privacy Policy   •   Security Notice   •   Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa