South African tycoon Laurie Dippenaar loses $28 million from FirstRand stake
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 FirstRand.
South African-born billionaire Patrick Soon-Shiong loses $460 million in 17 days
This financial setback is attributed to the sustained sell-offs that affected the market value of his 76-percent stake in ImmunityBio.
Meet Sarah Bond: Black executive leading gaming industry’s transformation
Beyond Xbox, Bond’s influence extends to the boards of leading tech companies, where her expertise acts as a guiding force for diverse businesses.
South African executive Raisibe Morathi pockets $1.48 million as Vodacom CFO
In addition to her executive and governance roles, Morathi holds a 0.01-percent stake in Vodacom, owning 243,554 shares valued at $1.38 million.
South African businessman Barry Swartzberg loses $12.6 million in 23 days
Swartzberg remains a prominent figure among South Africa’s businessmen, retaining his position as one of the most affluent investors on the JSE.
Meet Kirk Lewis: Black executive at helm of billion-dollar steel empire
Beyond business, Lewis served as deputy mayor and chief of staff for the City of Detroit, contributing to urban revitalization efforts.
South African tech tycoon Zak Calisto gains more than $17 million from Karooooo stake
With a stake of 74.7 percent in Karooooo, valued at more than $580 million, Calisto stands among Africa’s top tech entrepreneurs.
Nigerian billionaire Femi Otedola emphasizes long-term wealth preservation, export potential and shareholder value in Dangote Cement share acquisition
Otedola recently acquired a significant stake in Dangote Cement, Africa’s largest cement manufacturer.
South African executive David Cleasby takes home $2.2-million salary in 2023
The compensation package includes a base salary of $0.39 million, a performance-based short-term incentive of $0.09 million, and long-term incentives totaling $1.11 million.
South African MMA fighter Dricus du Plessis pockets $1 million as UFC’s newest champion
The $1-million payout is a notable increase from his previous earnings.
Nigerian energy tycoon ABC Orjiako’s Seplat stake surges by nearly $10 million
Orjiako, a former director of the Lagos-based energy conglomerate, holds a 6.43-percent stake in Seplat Energy.
Meet Ismail Ahmed: Somali tycoon leading $5-billion payment platform, Zepz
Ahmed’s dedication to financial inclusion transcends the confines of Zepz, positioning him as a true agent of change on the international stage.
Nigerian gambling magnate Kessington Adebutu makes $26 million from Wema Bank
Adebutu owns a 28.09-percent stake in Wema Bank through Neemtree Limited.
Meet Keneilwe Moloko: A leading force in South African corporate governance
Her career, spanning finance, real estate, and non-profit initiatives, showcases her as a visionary, a trusted advisor, and a catalyst for ethical and sustainable business practices.
South African multimillionaire Saltzman family suffers $22-million loss from Dis-Chem stake
The market value of the Saltzman family’s joint stake in Dis-Chem Pharmacies has declined from $487.7 million on Jan. 1 to $465.61 million.
South African tycoon Jannie Mouton makes $43 million in 15 days from Capitec Bank
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen. He presently owns a 5.11-percent stake in the leading retail bank.