Reinet’s net asset value jumps 8.1 percent, driven by smart investments and hefty dividends from tobacco and insurance holdings.
Johann Rupert
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South Africa’s Johann Rupert loses $600 million as Richemont sales miss and share price falls.
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Richemont’s jewelry brands, including Cartier and Van Cleef & Arpels, contributed significantly to the overall sales increase, growing by four percent.
- Southern Africa
Backed by Johann Rupert, EXSA transforms South African energy sector through active trading
The RMB and Remgro partnership brings innovation into South Africa’s energy market.
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Rupert’s stake in Richemont grew to $9.56 billion as the luxury conglomerate’s share price surged over 25% on the SIX Swiss Exchange.
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Johann Rupert, who derives a $9.5-billion fortune from his stake in Richemont has expressed a desire to maintain the company’s independence.
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The Supreme Court of Appeal (SCA) has scheduled a hearing for August 27, 2024, to adjudicate on the municipality’s appeal regarding the …
- Southern Africa
Backed by South Africa’s richest man, RCL Foods expects 75-percent increase in full-year earnings
In a statement released on Monday, RCL Foods stated that it expects HEPS from total operations to be at least 75-percent higher …
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Johann Rupert remains South Africa’s wealthiest person and Africa’s second-richest, trailing Aliko Dangote
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The decision to exit China, underscores the increasing pressures faced by luxury retailers in the world’s second-largest economy.