This significant gain further cements his position as one of South Africa’s wealthiest businessmen.
"Laurie Dippenaar"
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South African tycoon Laurie Dippenaar’s FirstRand gets nod for $16.2-million bond listing
This issuance brings the total amount outstanding under the company’s seven-year bond program to R41.01 billion ($2.22 billion).
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The $31.46-million increase in the market value of Dippenaar’s investment in FirstRand solidifies his position as one of South Africa’s wealthiest businessmen.
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RMB, the corporate and investment banking arm of FirstRand advised on a groundbreaking $160-million deal.
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Dippenaar maintains his position as one of South Africa’s leading investors and one of the most affluent business executives across the African …
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Despite the notable decline in his stake’s value, Dippenaar remains a top investor on the JSE and one of the most affluent …
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FirstRand’s shares decline by 3.69 percent, market cap dips below the $20-billion mark.
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Dippenaar holds a 1.76-percent stake in FirstRand, which translates to 98,726,988 shares in the group.
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Dippenaar, who co-founded Rand Consolidated Investing in 1977 and grew it into a leading financial services group, holds a 1.76-percent stake in …
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Presently, Dippenaar holds a 1.76-percent stake in FirstRand, to 98,726,988 shares — this stake makes him one of South Africa’s leading investors.