Du Preez Financial Services

14/04/2026

Selling my mom's unit.
Riverside Retirement Village
Umgeni Park

13/04/2026

All markets are up.

13/04/2026

Our stock market is up 4.1% year to date.
Bonds up 1.5%
Property up 0.1%
Cash up 1.8%

Global markets are generally up.

10/04/2026

It is starting to become a very good time to invest money into the equity markets. Due the volatility in the stock markets around the world due to the war in Iran and between Russia and the Ukraine.

05/04/2026

Happy Easter Sunday everyone. Have a fantastic day.

03/04/2026

29/03/2026

South African billionaire Christo Wiese is set to receive an $11.3 million interim dividend from Shoprite Holdings, Africa’s largest retailer, for his 10.67% stake.

The payout reflects Wiese’s 63.1 million shares, valued at over $1 billion, and comes after Shoprite reported strong first-half results.

For the 26 weeks ending Dec. 28, 2025, Shoprite’s continuing operations added $568 million in sales, bringing total revenue to $8.6 billion.

South African supermarkets contributed $7.08 billion, up 7.1% from a year earlier, while operations outside the country rose 12.1% to $706 million. Diluted headline earnings per share increased 7.9% to R7.089, and adjusted EPS rose 9.5% to R7.353.

Wiese, 84, has guided Shoprite strategy since the early 1990s and continues to influence governance and capital deployment, despite stepping down as chairman in 2020.

Beyond Shoprite, he holds positions at Brait PLC, Invicta Holdings, and Collins Property Group, maintaining a major role in South Africa’s retail and industrial sectors.