Aspen’s 20% stock decline costs South African tycoon Stephen Saad nearly $160 million
Stephen Saad's wealth drops by nearly $160 million after Aspen Pharmacare's shares tumble 20.17% over the past 25 days on the JSE.
Related
South African tycoon Andre du Plessis sees Capitec Bank stake rise above $160 million
Du Plessis’ stake in Capitec Bank now above $160 million, thanks to $10.49-million gain in 18 days.
MTN, led by Zimbabwean exec Ralph Mupita, seeks boost in intra-African trade
The telecom giant is championing initiatives that promote intra-African trade and connectivity, seeking to drive economic growth across the continent.
South African billionaire Michiel Le Roux's Capitec Bank stake soars above $2.2 billion
Le Roux's stake in Capitec Bank has increased by $95.3 million in just two weeks, reflecting significant gains.
Eswatini’s richest man Natie Kirsh gains $1.66 billion in 2024
Kirsh, now ranked 286th globally, is the only African billionaire to gain more than $1.5 billion in 2024.
Latest
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods expands pasta production with strategic FAVA deal
The agreement will see BUA Foods more than double its current output from 400,000 tonnes to 900,000 tonnes per year.
Diddy’s legal battles prompt asset sales as he remains in custody
Sean “Diddy” Combs was arrested last week and remains in custody after twice being denied bail.
Greek tycoon John Coumantaros secures approval to buy out minority stakeholders in Flour Mills of Nigeria
Excelsior Shipping, linked to John Coumantaros, has secured a court order to convene a Court-Ordered Meeting, during which shareholders will vote on the proposed scheme.
Jay-Z pledges $250-million in grants to boost Times Square Casino bid
Jay-Z pledges $250 million in grants to support Hell’s Kitchen and boost his Times Square casino bid