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).
Latest News
Morocco’s royal family gains $158 million from Attijariwafa Bank
Notably, the bank’s shares on the Casablanca Stock Exchange recently saw a 3.31-percent increase, climbing from MAD480.5 ($47.752) on Jan. 29 to MAD496.4 ($49.33).
Africa’s youngest billionaire backs Indian startup in $1.1-million funding round
Dewji’s commitment to high-growth regions revealed: From $100-million Rwandan ventures to Swirl’s seed funding.
Billionaire Benedict Peters’ Aiteo partners with Atlantic Council to elevate Africa’s critical mineral influence
The groundbreaking collaboration sets the stage for a three-year program aimed at harnessing Africa’s substantial reserves of critical minerals.
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-British billionaire Clive Calder gains $150 million in 2024
The recent $150-million surge in Calder’s fortune builds on his success in 2023 when his wealth climbed from $5.6 billion to $6.83 billion.
Companies owned by Nigerian insurance tycoon Wole Oshin
Oshin is not only the largest shareholder in the Lagos-based investment group but also ranks among Nigeria’s wealthiest investors.
South African-born tycoon Barry Stuhler gains $6.1 million from Lighthouse stake
The recent $6.12-million gain cements Stuhler’s position not only as a high-value investor on the JSE but as one of the richest individuals in the country.
Africa’s richest man to take two companies public, says NGX Chairman Umaru Kwairanga
Kwairanga said the Dangote Oil Refinery and Dangote Fertilizer Company are slated for listing on the exchange imminently.
One of America’s richest Black CEOs, Craig Arnold is now $15.7-million richer
Eaton’s Chairman and CEO, Arnold, who assumed office on June 1, 2016, holds a 0.13 percent stake in the company, equivalent to 517,061 shares.
Companies owned by London-based South African billionaire Manfred Gorvy
Billionaires.Africa highlights companies linked to Gorvy, showcasing his diverse and impactful business portfolio.
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).
Kenyan tycoon John Kimani among directors accused of $2 million in irregular payments
The Capital Markets Authority (CMA) has summoned top executives, including Kimani and Kakuzi Managing Director Christopher Flower.
Ghanaian tycoon Joseph Siaw Agyepong’s group lands $100 million in agricultural deals
Agyepong highlighted that the venture into agriculture was initially propelled by a dedication to making a positive impact rather than purely financial motives.
South African executive Kerry Cassel earns $1.6-million salary in 2023
Cassel joined Motus in 2002 after serving as an audit manager at Deloitte & Touche.
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.