South African billionaire Saltzman family’s Dis-Chem stake gains $21 million
The $21.08-million increase in the market value of the Saltzman family’s stake in Dis-Chem solidifies their position as significant investors on the JSE.
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South African tycoon Jonathan Jawno’s Transaction Capital sells Australian unit of Nutun
Aligned with its value-maximization strategy, Transaction Capital is also pursuing the separation of its WeBuyCars unit, targeting R1.25 billion ($65 million) in capital.
South African billionaire Nicky Oppenheimer’s net worth climbs to $10.7 billion
With a current net worth of $10.7 billion, Oppenheimer ranks 223rd on the global wealth list.
Kenyan tycoon Bharat Thakrar initiates $30.2 million lawsuit against WPP plc
This move follows his suspension from the company in 2021 and his announcement in February of plans to sue WPP for £24 million ($30.2 million).
South African exec Josua Malherbe faces $2-million loss from Remgro shares
Malherbe, Remgro’s non-executive co-deputy chairman, is one of Remgro’s largest individual shareholders with a holding of 1,178,995 ordinary shares.
Led by South African exec July Ndlovu, Thungela reports $263 million in earnings in 2023
Since its 2021 demerger from Anglo-American, Thungela has undergone significant expansion under Ndlovu.
South African tycoon Adrian Gore’s Discovery targets U.S. healthcare market
Gore expressed confidence in penetrating the U.S. market further, leveraging the success and innovation that Discovery has pioneered in the wellness space.
Kenyan banker Gideon Muriuki leads Co-op Bank to record $170-million profit in 2023
Muriuki, who was instrumental in the Co-op Bank’s expansion, owns a two-percent stake in the leading financial services group.
Nigerian businessman Tony Elumelu awards $5-million seed capital to 1,000 African entrepreneurs
Each recipient is set to receive a $5,000 non-refundable seed capital to kickstart their entrepreneurial endeavors.
South African tycoon Markus Jooste, once worth $400 million, dies by suicide
The circumstances surrounding Jooste’s death remain under investigation, with authorities confirming that he was found with a gunshot wound to the head.
Greek tycoon John Coumantaros’ stake in Flour Mills of Nigeria tumbles below $70 million
Since Feb. 6, the market value of Coumantaros’ stake in the leading agro-allied group has plunged by $8.7 million, falling from $77.06 million to $68.36 million.
Shoprite backed by South African billionaire Christo Wiese takes lead on climate, water issues in retail
Shoprite, boasting more than 2,900 stores across Africa, is partly owned by South African billionaire Christo Wiese, who holds an 11.63-percent stake in the retailer.
Africa’s richest man Aliko Dangote’s net worth hits $15 billion as naira rebounds to N1,400/$
Dangote’s financial resurgence reflects not only his vast fortune and investment portfolio but also the broader economic dynamics at play within Africa’s biggest economy.
South African-born billionaire Patrick Soon-Shiong’s wealth surges above $11 billion
The surge in Soon-Shiong’s net worth in 2024 highlights the success of his investments, particularly in biotech firm ImmunityBio.
Nigerian gambling magnate Kessington Adebutu makes $2.3 million from Wema Bank stake
This surge not only reaffirms Adebutu’s status as one of the wealthiest investors on the NGX but also underscores Wema Bank’s pivotal role in Nigeria’s financial landscape.
South African mogul Adrian Gore’s Discovery reports $172.4 million in half-year earnings
The group’s interim results for the first half of the 2024 fiscal year showcase a headline earnings figure amounting to $172.4 million.