South African tycoon Zak Calisto’s Karooooo reports $230 million in revenue
Under Calisto’s leadership, the company has become a leading provider of intelligent transportation management and analytics.
South Africa
Discovery stake dips, South African tycoon Barry Swartzberg sees $7.9-million loss
Despite this setback, Swartzberg remains one of South Africa’s wealthiest businessmen and a leading investor on the JSE.
South African billionaire Michiel Le Roux loses $34.5 million from Capitec Bank stake
This recent slump compounds a previous loss of $76 million recorded between April 8 and 11, when the market value of his stake in Capitec Bank fell below $1.5 billion.
South African tycoon Jens Montanana loses $2.6 million from Datatec stake
This recent dip comes on the heels of previous losses recorded between April 17 and 27, when Montanana’s shares in the company fell by $2.4 million
Swiss bank sells $11.8-million stake in South African tycoon Neal Froneman-led Sibanye-Stillwater
UBS disposed of R216.17 million ($11.8 million) in shares on Sept. 26, 2023, trimming its holding from 5.07 percent to 3.26 percent.
South African tycoon Adrian Gore’s Discovery gets green light for $81.6-million bond listing
The two newly issued bonds, detailed in filings with the JSE on May 14, have nominal values of R576 million ($31.33 million) and R924 million ($50.26 million).
South African tycoon Andre du Plessis’ Capitec Bank stake tops $110 million
The surge in Capitec Bank’s share price has propelled the market value of du Plessis’ stake up by $15.53 million over the past 27 days.
South African tycoon Adrian Gore’s Discovery stake slumps by $14 million
Despite the recent plunge, Gore remains a prominent figure on the JSE and one of South Africa’s wealthiest businessmen.
South Africa’s second-richest man Nicky Oppenheimer gains $400 million in 10 days
Oppenheimer climbs to 224th spot on the global rich list, remains South Africa’s second-richest man.
Vodacom, led by South African executive Shameel Joosub, reports $8.2 billion in revenue
Maintaining its leadership in South Africa and across the continent, Vodacom reported strong growth in key segments, with financial services emerging as a major driver.
South African executive Arrie Rautenbach-led Absa opens doors in China’s capital
This move aligns with Absa’s client-centric approach, which is poised to play a growing role in global trade, particularly in the China-Africa investment relationship.
South African tycoon Gerrie Fourie gains $7.6 million from Capitec Bank shares
As Capitec Bank’s CEO, Fourie holds a 0.89-percent stake in the leading retail bank, equivalent to 1,027,673 ordinary shares.
South Africa’s richest man Johann Rupert’s Richemont acquires Italian jeweler
The transaction aligns with Richemont’s growth strategy under Rupert’s leadership and deepens the group’s jewelry holdings.
JP Morgan invests $215 million in South African tycoon Neal Froneman-led Sibanye-Stillwater
JP Morgan’s investment signals confidence in Sibanye-Stillwater’s ability to weather financial challenges and highlights the growth potential of the mining sector.
South African tycoon Neal Froneman-led Sibanye seeks debt covenant relief after profit plunges
Sibanye-Stillwater under Froneman faces a critical juncture, needing to navigate a series of impairments and potential covenant breaches to secure its financial future.
South African tycoon Laurie Dippenaar’s FirstRand gets nod for $16.2-million bond listing
This issuance brings the total amount outstanding under the company’s seven-year bond program to R41.01 billion ($2.22 billion).