whitey basson net worth
b. It would take a worker in a Checkers deli about 290 years to earn what the chief executive of the Shoprite group, Whitey Basson, was paid in a month this year. This easily surpasses the income of the 2009 top earner Pine Pienaar, who made a mere R63 million. His company paid him a total of R100.1m after including a one-time R50m performance bonus. If it were not for the good people like Basson, the lives of the poor would be so much worse than they already are. He is the Managing Director and CEO of Shoprite Holdings Ltd, the biggest food retailer in Africa. Shoprite Holdings Limited is a public company listed on the Johannesburg Stock Exchange, with secondary listings on both the Namibian and Zambian Stock Exchanges. “In 2014, Whitey Basson donated boerewors valued at R100 000 to schools in the country.” My personal opinion on this statement is most closely described by: a. The Shoprite Group of Companies (JSE: SHP), is Africa's largest food retailer. In 2005, Shoprite chief executive Whitey Basson was awarded a R59-million performance bonus and the media wanted to know why. The Sunday Times observed that, despite two decades of empowerment deals, only 13 of the top 100 richest South Africans are black, with only two women listed in the top 100 as well – … You will not believe these … Top earner in 2010 was Shoprite CEO Whitey Basson, who took home the highest-ever monthly earnings ever recorded in a single year - an unbelievable R627.53 million in salary, perks and share options. And Whitey [Basson] and Markus [Jooste] never liked each other.” But playground politics aside, what of the real politics? shoprite ceo net worth, Growing Profit Margin: BVT's current net profit margins (0.2%) are lower than last year (5%). 9) Whitey Basson, R50 Million (CEO of Shoprite) James Wellwood “Whitey” Basson is holder of a Bachelor of commerce and also a Chartered accountant. Whitey Basson, Shoprite Basson’s basic salary in 2016 came to R49.6m. Whitey Basson net worth is one of the highest considering that he went on to resign from Shoprite even after having served with the company for almost 4 decades. Basson was paid R49.7 million in basic pay and a special performance bonus of R50 million in the financial year to June. 15. The group said he had not had a pay increase since 2013. It operates more than 2,829 stores in 15 countries across Africa. After Shoprite’s announcement that it was forced to repurchase R1.8 billion-worth of shares from its former CEO Whitey Basson, the attention … This meant that he would receive R1.8 billion just from the selling of these shares. Past Earnings Growth Analysis Earnings Trend : BVT's earnings have grown by 1.8% per year over the past 5 years. Whitey Basson is Former Chief Executive Officer at Shoprite Holdings Ltd. See Whitey Basson's compensation, career history, education, & memberships. The company's headquarters are in Brackenfell in the Western Cape province of South Africa. 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