Bank led by Nigerian tycoon Herbert Wigwe posts over $320 million in profit in 9M 2023
Access Holdings sees key growth and expansion with Wigwe at the helm.
South African exec Bill Blackie’s salary at Standard Bank amounts to $2.1 million
Blackie has been leading Standard Bank’s business and commercial banking unit since 2022.
Tunisian tycoon Moncef Mzabi suffers $1.2-million loss from ARTES stake
Mzabi owns 24.8 percent of the company, which translates into 9,370,387 ordinary shares.
South African billionaire Johann Rupert’s Richemont receives clearance for YNAP-Farfetch partnership
Rupert, who serves as Richemont’s chairman, holds a substantial interest in the company through Compagnie Financiere Rupert.
Zimbabwean tycoon John Moxon rakes in $10.6 million in three weeks
Moxon owns a 10.8-percent stake in Meikles Limited, which amounts to 27,933,226 shares.
Namibian oil discovery boosts South African tycoon’s fortune
Copelyn is the largest shareholder in Hosken Consolidated Investments, which owns 49.9-percent of Impact Oil & Gas.
South Africa’s richest man donates 10,000 homes to underprivileged
Rupert, South Africa’s richest man, and his wife are the founders of the Free Market Foundation.
South African billionaire Adrian Gore sees pay dip amid unmet goals
The reduction came despite company’s robust performance because Gore failed to achieve his personal performance benchmarks.
Nigerian tycoon Atedo Peterside’s Stanbic IBTC stake declines by $1.8 million
Peterside owns a 1.14-percent stake in Stanbic IBTC, which translates to 133,611,115 ordinary shares in the group.
Egypt’s richest man Nassef Sawiris loses $100 million in 8 days
Sawiris’ net worth currently stands at $7.42 billion, down from $7.52 billion on Oct. 12.
Egyptian billionaire Ahmed Ezz’s steel company posts $26-million loss in H1 2023
Ezz, a prominent Egyptian industrialist, holds a 60.7-percent stake in Ezz Steel, equivalent to 329,816,198 shares in the steel behemoth.
Kevin Hart’s company, Hartbeat, moves to expand to Atlanta
Hart owns Hart House, which offers 100-percent plant-based burgers, tequila brand Gran Coramino and Hartbeat Ventures, among others ventures.
South African businessman Barry Swartzberg suffers $20-million loss in 48 days
Swartzberg owns a 3.92-percent stake in Sandton-based financial services group, Discovery Limited.
South African-born tycoon Barry Stuhler takes $2.9-million hit from Lighthouse stake
Stuhler owns a 9.72-percent stake in Lighthouse Properties, or 172,699,222 ordinary shares.
Moroccan real estate tycoon Alami Lazraq’s ADI stake slumps by $12 million
Despite the recent decline in his stake in ADI, Lazraq remains one of the Casablanca bourse’s richest investors and one of Morocco’s wealthiest businessmen.
South African banker Alan Pullinger suffers $1.8-million loss from FirstRand stake
Pullinger owns a minority stake of approximately 0.1 percent, or 5,634,679 ordinary shares in FirstRand.