
South African tycoon Giovanni Ravazzotti loses $39.6 million from Italtile stake
Despite this financial setback, Ravazzotti retains his status as one of the high-value investors on the JSE and one of the country’s most affluent individuals.
Despite this financial setback, Ravazzotti retains his status as one of the high-value investors on the JSE and one of the country’s most affluent individuals.
Italtile, controlled by Ravazzotti, recorded revenue amounting to $250.01 million in the first half of its 2024 fiscal year, highlighting operational resilience.
Ravazzotti, a top 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.
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.
Ravazzotti’s journey, marked by resilience and foresight, shaped the success of Italtile, listed on the Johannesburg Stock Exchange since 1992.
Earlier this year, Ravazzotti, recognized as one of South Africa’s wealthiest and most influential business figures, received a substantial windfall of $5.03 million in dividends.
Ravazzotti, a leading figure in the business landscape, owns a significant 33.88-percent stake in Italtile.