Africa's first Black billionaire Patrice Motsepe’s investment firm surpasses $1 billion in net asset value
Motsepe owns an indirect 27-percent stake in ARC, contributing to his status as Africa’s first richest man.
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Nicky Oppenheimer’s wealth jumps $1.5 billion
This boost solidifies his position as the second-richest person in South Africa and the 227th richest individual globally.
Transaction Capital sells non-core assets in $28.8-million deal
The divestiture, finalized on Nov. 1, is part of Transaction Capital's strategy to streamline operations and focus on core business areas.
Gus Attridge’s stake in Africa’s largest pharma company drops by $16.5 million
South African pharma mogul Gus Attridge loses $16.5 million from stake in Africa’s largest pharmaceutical company.
Sibanye-Stillwater gains momentum as U.S. regulation boosts Montana PGM operations
Sibanye-Stillwater’s Montana PGM operations will gain from new Section 45X regulations under the U.S. Inflation Reduction Act (IRA), ensuring vital funding for palladium and platinum mining.
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Mohammed Dewji to close 2024 with $300 million gain despite headwinds
This boost in fortune solidifies his place as East Africa's richest individual and places him as the 1,882nd wealthiest person globally.
Palantir delivers $2 billion revenue in 9M 2024
Revenue for the first nine months of 2024 climbed to $2.04 billion, up from $1.62 billion) in the prior year period.
Aga Khan IV's stake in Nairobi-based insurer Jubilee drops by $1.6 million
The recent decline has reversed much of his previous gains, reducing his holdings to Ksh4.49 billion ($34.86 million).
Anglo American divests $1.1 billion acquisition of coal mine interests in Australia
Zashvin is strengthening its position in Queensland’s coal sector by acquiring Anglo American’s minority stake in the Jellinbah East and Lake Vermont steelmaking coal mines.