Kenyan tycoon Baloobhai Patel’s Bamburi Cement expects $2.57 million in savings with solar plants
Patel, a Kenyan multimillionaire and owner of a 4.12-percent stake in Bamburi Cement through his private investment company, Aksaya Investment.
Aga Khan IV gains $1.7 million from stake in Nairobi-based insurer
Through the Aga Khan Fund for Economic Development, Aga Khan IV owns 37.98 percent of Jubilee Holdings and 11.85 percent of its Mauritian subsidiary.
South African tycoon Laurie Dippenaar loses $25.6 million from FirstRand stake
Dippenaar holds a 1.76-percent stake in FirstRand, which translates to 98,726,988 shares in the group.
South African executive Niall Lynch earns $1-million salary in 2023
Lynch’s 2023 compensation package reflects a 53.69-percent increase compared to the previous year’s total reward of R11.81 million ($0.62 million).
Companies owned by South African-British billionaire Clive Calder
With a net worth of $6.98 billion, Calder stands among Africa’s influential figures, residing in the Cayman Islands.
South African executive Vuyo Kahla earns $1.5-million salary in 2023
Kahla’s 2023 compensation comprised a base salary of R7.76 million ($0.41 million), a performance-based short-term incentive of R4.24 million ($0.22 million).
South African executive Ockert Janse van Rensburg pockets $2.3-million salary
This reflects a significant 60.95-percent increase from the previous year’s $1.43 million, emphasizing van Rensburg’s crucial role in driving Motus’ financial success.
South African executive Steven Brown pockets $1.3 million from Fortress in 2023
In recognition of Brown’s unwavering dedication and expertise, he also received a long-term incentive award of R1.01 million ($0.053 million).
South African tycoon Christopher Seabrooke’s Sabvest stake slumps by $7.2 million
Seabrooke, a leading business executive who has played a vital role in Sabvest Capital’s growth, holds a significant 40.61-percent stake in the company.
Swazi billionaire Natie Kirsh adds $160 million to his fortune in just 19 days
The primary driver behind this surge is attributed to the impressive performance of his 75-percent stake in Jetro Holdings.
South African executive Fleetwood Grobler pockets $2.1-million salary in 2023
Despite a 5.24-percent decrease compared to the previous year’s R42.95 million ($2.26 million), Grobler’s leadership continues to play a key role in Sasol’s financial performance.
South African executive Niel Pretorius takes home over $1 million in 2023
Pretorius scored a 2.61-percent increase in his compensation package in 2023, compared to the R19.99 million ($1.06 million) he received in the previous year.
South African executive Andries van Heerden pockets $1.7-million salary in 2023
Van Heerden received a compensation package of R31.96 million ($1.70 million) in 2023 for his significant role in Afrimat’s financial success.
Greek businessman John Coumantaros loses $24.5 million from Flour Mills stake
Coumantaros faced significant losses as the company’s shares took a recent hit on the Nigerian Exchange.
South African tycoon Giovanni Ravazzotti gains $16.7 million from Italtile stake
Ravazzotti, a prominent figure in the South African business arena, owns a 33.88-percent stake in Italtile — this amounts to a total of 447,746,694 shares in the company.
Kenyan tycoon Narendra Raval takes over Rwandan cement giant in $84-million deal
Devki Group Founder and Chairman Narendra Raval announced the completion of the acquisition, expressing enthusiasm about the prospects it holds for both countries.