The only problem i h ave with this is that this money is in basson s bank account and. Susan long says that the accumulation of everincreasing wealth is a source of perverse pride in ones ability to feed the hungry beast of. Announcing the retirement, shoprite chairperson christo wiese said in a statement on monday that basson deserves. James wellwood whitey basson is a south african businessman and billionaire who was largely responsible for growing a small business called shoprite from an 8store chain valued at r1 million into an international retail conglomerate with revenue in 2019 of r150 billion, market capitalisation of r114 billion, more than 2 300 stores and.
Jun 28, 2018 whitey basson, former ceo, shoprite holdings. Whitey basson was born on the family farm dasbosch in the porterville district on 8 january 1946 to jack and maude basson. He attended school in porterville and completed his secondary education at rondebosch boys high school in cape town. May 26, 2019 sus1501 sustainability and greed student number 63175967 date teaching assistant name declaration by submitting this portfolio, i implicitly declare that this is my own work except for the introduction which was kindly written for me by my lecturer. According to the bank, the difference between a rich and poor person is in the way they manage their money, not in banking needs. Kant would therefore accept the earnings for whitey has not stolen from anyone or broken any rules. Sustainability and greed student number usa research writers. Shoprite south africa wikimili, the best wikipedia reader. This section also includes case studies of south african companies that are successfully doing business in other african countries and of the maputo corridor, an initiative of the governments of south africa and. He would like to enter other regions with partners who will provide lower cost of. South africa is the 5th country in the world with the biggest pay gap, where the ceos. The money shows bruce whitfield interviews the former ceo of africas largest retailer by far. Whitey basson net worth ranking interesting facts about. Whitey basson net worth ranking interesting facts about africa.
Whitey basson s nose for business whitey basson made the risky decision to take shoprite into africa when he sensed, on the streets of maputo, that there was more. I am aware that if any unacknowledged copying is detected in any answer, i continue reading sustainability and. Sep 16, 2017 cape town i dont really know what this semiretirement of mine means, because christo wiese still calls me all the time, said whitey basson, former group ceo of shoprite, at the congress of the sa council of shopping centres taking place in cape town. All people 7 billion of them will take zar 620 000 000. Hushhush shoprite deal stuns investors businesslive. Stassen has hopes of seeing c e c tago p i into markets uch s as india. We believe that transfers from the wealth and incomes of working. May 05, 2011 whitey is sas top earning executive again. Meet whitey basson the retail guru who turned shoprite into a. Forty years of hard work, constant strategising and little sleep have left former shoprite group executive whitey basson a little tired and r1.
The hidden billions of sas elite executives the mail. Shoprite group adopts unlikely strategy and goes upmarket. How much of the wealth creation was to do with other employees. South africa is the 5th country in the world with the biggest pay gap, where the ceos are paid averagely 140 times more than the average salary of their employees. He attended school in porterville and completed his secondary education at rondebosch boys high school in cape town, where he matriculated in 1963.
Portfolio assignment sus1501 sustainability and greed student number. Get your custom essay on one proposed maxim as a universal. Sasha planting spoke to the man who runs shoprite with an iron fist, and delves into his business philosophy and the secrets of his success. Executive pay is in the spotlight again, with revelations that shoprite chief executive officer whitey basson received a whopping r50m bonus. Shoprites whitey basson, the cheerful billionaire even. One dominating factor ensured shoprites success whitey basson. Shoprites success lies in close ties with suppliers. Portfolio assignment sus1501 sustainability and greed. My personal opinion on this statement is most closely described by.
What do you think of whitey basson or you earning zar 620,000,000. In 2010, whitey basson the ceo of shoprite earned zar 620,000,000. Apr 10, 2014 the hidden billions of sas elite executives. I am aware that if any unacknowledged copying is detected in any answer, i will get 0. In public, shoprite ceo whitey basson loves to play the joker, poking fun at himself, his chairman and rivals. Cosatu statement on sunday times rich list party politicsweb. Inside the steinhoff saga, one of the biggest cases of. Well for the month of december if we take the fuel saving for our trucks that delivers goods to the stores, there was a saving of approximately r4m, but if you take the diesel that. The only problem i have with this is that this money is in basson s bank account and.
How much can be attributed to basson just being in the right place at the right time. By submitting this portfolio, i implicitly declare that this is my own work except for the introduction which was kindly written for me by my lecturer. The best paid executive in south africa again is whitey basson of shoprite. Aug 20, 2014 interviewing whitey basson has always been fun. The only problem i have with this is that this money is in basson s. Nov 04, 2016 james wellwood whitey basson, founder and chief executive officer of shoprite holdings will be leaving office at the end of the year.
Chief executive whitey basson was paid nearly r100 million. Doc portfolio assignment sus1501 sustainability and greed. Whitey basson, ceo of shoprite, and the biggest earner of 2010, as well as the 28th richest man in sa, is a qualified ca. Hes exercising his option to sell his shares and gearing down to enjoy. What would kant probably have said about whitey bassoon or you earning zar 620,000,000. The only problem i h ave with this is that this money is in bassons bank account and not in mine.
Step2 what would kant probably have said about whitey basson. James wellwood whitey basson born 1946 is a south african businessman and billionaire. The sunday times rich list shows most of south africa s richest people are selfmade men. If we focus less on the amount of money he made we can clearly see how much jobs he created. We took a view we should let our people share in the wealth creation of the company, says basson. The sunday times rich list of wealth ownership and earnings confirms that the worlds most unequal society is growing more unequal by the day see report. Kant would therefore accept the earnings for whitey has not stolen from anyone or broken. Basson studied bcom at stellenbosch university and matriculated at rondebosch boys high after attending primary school in his home town of porterville in the western cape.
You might want to do a bit of research into the nature of whitey basson s 2010 earnings. But basson is too cheery to let that alter his mood. In december 2010, a host of accolades was encapsulated in the conferment by stellenbosch university on whitey basson of the degree doctor. Shoprite holdings announced at the companys annual general meeting held on 31 october 2016 that the companys chief executive officer, whitey basson, decided to retire at the end of december 2016. James wellwood whitey basson born 1946 is a south african businessman and billionaire in south african rand terms who was largely responsible for growing a small business called shoprite from an 8store chain valued at r1 million into an international retail conglomerate with revenue in 2019 of r150 billion, market capitalisation of r114 billion, more than 2 300 stores and 140 000. Wiese and basson had been friends for five decades and knew each other. Evaluate the act using kants categorical imperative weve done the first 2 steps for you 1. Sure, the shoprite share price was down 8% at one point. Wiese, but they seemingly dont like each other, which makes the whole stellenbosch mafia thesis laughable. Here are the top 10 highest paid ceos in south africa as of 2014. Basson is legendary for his costcutting, although shoprite pazs its executives well. Shoprite doubles whitey bassons pay after bonus fin24.
With the rest she buys food and sends money home to her parents in the. Shp doubled chief executive officer whitey basson s pay last fiscal year to r100. He is the managing director and ceo of shoprite holdings ltd, the biggest food retailer in africa. While rupert abhors ostentatious displays of wealth. The trouble with this is it makes out that basson single handedly created the wealth. The wealthiest 100 people have seen their wealth shoot up 62. The only problem i have with this is that this money is in basson s bank account and not in mine c. When compared to the other 39 companies within the jse top40 index, the same survey placed shoprite holdings in an impressive 5th position. Christo wiese on shapeshifter with bruce whitfield youtube. May 11, 2017 hushhush shoprite deal stuns investors will shareholders allow shoprite to hand over r1. Get an idea of how to write about whitey basson salary 620 million here. His retirement was announced at the companys annual general meeting held in cape town on monday, october 31, 2016. He attended school in porterville and completed his secondary education at rondebosch boys high school in cape. So i phoned him i said, carlos, i see youre a bit short of money.
As of june 2014 its turnover was at r102, 204 billion, constituting over 1581 corporate stores. Company profile shoprite holdings ltd comprises the following. In 2010 whitey basson the ceo of shoprite earned zar. Form an opinion on the basis of your analysis, answer the following questions. Whitey basson, the ceo of shoprite checkers received a whopping r50m. The billionaire african behind the continents greatest retail empire. Jul 23, 2019 while rupert abhors ostentatious displays of wealth. In the crossroads assignment one of the multiple choice questions was.
Sep 05, 2011 the wealthiest 100 people have seen their wealth shoot up 62. Dec 07, 2014 the sunday times has published its annual rich list, naming the wealthiest individuals in the country, as well as who earned the most in 20. May, 2014 whitey basson cultivated his own talent by investing his good education and remarkable people skills into building the business and making it the most successful one today. Whitey basson net worth rich list the 10 highest paid ceos in south africa. Whitey is sas top earning executive again moneyweb. Top earner in 2010 was shoprite ceo whitey basson, who took home the highestever monthly earnings ever recorded in a single year an unbelievable r627.
Pages in category south african billionaires the following 27 pages are in this category, out of 27 total. Checkers worker would take 290 years to earn what her boss was. Christo wiese joins bruce whitfield on the money show. Top earner in 2010 was shoprite ceo whitey basson, who took home the highestever monthly earnings ever recorded in a single year an. His response that a critical analyst had probably been out on too long a lunch was typical. It is morally wrong to earn such a lot of money while people who are. New book finds no mafia, just old boys network of bi. Oct 31, 2016 cape town the man named to take over the role of shoprite ceo in 2017 will have to fit into the shoes of a giant, after whitey basson announced he would retire at the end of 2016.
Shoprite plans angola warehouse in africa logistics push. Read this essay sample on whitey basson 2010 earnings pdf. I think that is outrageous and unethical for whitey basson or me to earn zar 620,000,000. It is for the sake of trivial gains that the worlds affluent, and their governments and international organizations are keeping the poorer half in severe often lifethreatening poverty. Meet the man who will fill whitey bassons shoes fin24. Its probably the company in south africa thats made the most wealth for shareholders and employees. Whitey basson cultivated his own talent by investing his good education and remarkable people skills into building the business and making it the most successful one today. Christo is stingy, says james whitey basson, wieses righthand man at shoprite since day one and an old buddy from. This south african company just paid its ceo r100 million. And by his own admission, these werent the kind of numbers the market was hoping for. The sunday times has published its annual rich list, naming the wealthiest individuals in the country, as well as who earned the most in 20. Whitey basson, arguably sas greatest retailer, has announced that at the end of this year he would retire from the helm at shoprite, which he built into an african grocery colossus.
As south africa slides into recession, and households have less and less to spend, the number one supermarket group shoprite is adopting an unlikely strategy. Shoprite ceo whitey basson topped the list with a yearly salary and bonuses of r627. Hes exercising his option to sell his shares and gearing down to enjoy more leisure time. Shapeshifter is a weekly feature on 702 and capetalk that airs at 19h30 every wednesday.
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