South African businessman Giovanni Ravazzotti’s stake in Italtile slumps below $500 million
This adds to an earlier loss of $46.83 million between Jan. 1 and 13, when his stake in Italtile dropped from $551.82 million to $504.99 million.
Related
Anthony Leeming pockets $1.2 million salary in 2024
The South African executive’s R23.15 million ($1.23 million) pay in 2024 reflects his impact on Sun International’s success.
Johann Rupert’s Richemont gains approval to sell YNAP to Mytheresa
The deal, executed through Richemont’s subsidiary Richemont Italia Holding S.P.A., is set to close on Apr. 23, 2025.
Elon Musk’s Starlink gains ground in Lesotho and Somalia
The move comes as countries across the continent ramp up efforts to improve digital connectivity and attract foreign investment.
Adrian Gore’s Discovery stake declines by nearly $40 million
In the past two weeks, Adrian Gore's stake has dropped by R753.34 million ($39.83 million) as Discovery's shares slide on the JSE.
Latest
Abdallah Sallam’s Madinet Masr executes 42.7 million share buyback
The Cairo-based developer said it has repurchased 42.7 million shares, about 2 percent of its total share capital, through open-market transactions.
Samih Sawiris to perform at Cairo Opera House for Gaza refugee support
Egyptian billionaire Samih Sawiris will perform at the Cairo Opera House on May 7, 2025, to raise funds for Gaza’s displaced refugees.
Meet Sani Bello: Ex-military leader turned oil mogul
Sani Bello transitioned from military officer to a top oil magnate, co-founding Amni International Petroleum, which produces 18,200 barrels of oil daily.
Anthony Leeming pockets $1.2 million salary in 2024
The South African executive’s R23.15 million ($1.23 million) pay in 2024 reflects his impact on Sun International’s success.