6 companies owned by South African businessman Gareth Ackerman
Beyond leading one of Africa’s retail giants, Ackerman’s investments make him one of South Africa’s wealthiest business leaders.
South Africa
Leeming-led group seals $400-million deal to acquire Emperors Palace owner
To fund this strategic acquisition, Sun International is opting for a strategic infusion of new debt.
South African accountant Terence Nombembe assumes director role at Nedbank
Nombembe’s appointment comes at a pivotal juncture for the South African banking sector, grappling with challenges posed by rising inflation and economic uncertainty.
6 companies owned by South African real estate tycoon Steven Herring
With decades of experience and a portfolio exceeding $160 million, Herring ranks as one of the leading figures on the African business scene.
This Week In Review: A Snapshot of African Wealth Dynamics — Fortune of Swazi Legend Natie Kirsh On The Rise (Dec. 11 to 15)
A concise look at the most significant events in African wealth dynamics over the past week.
7 companies owned by South African tycoon Giovanni Ravazzotti
Ravazzotti’s journey, marked by resilience and foresight, shaped the success of Italtile, listed on the Johannesburg Stock Exchange since 1992.
Neal Froneman-led Sibanye commits $4.6 million to empower Rustenburg communities
Froneman expressed that the $4.6-million investment will be directed to address the needs and challenges faced by communities surrounding the Rustenburg operation.
South African billionaire Christo Wiese makes $122 million from Shoprite shares
Wiese owns an 11.5-percent stake in the leading supermarket chain, or 68,083,200 ordinary shares.
5 companies owned by one of South Africa’s wealthiest women, Wendy Appelbaum
Appelbaum, a stalwart in South African business and philanthropy, is not only one of the country’s wealthiest women but a catalyst for positive change.
7 companies owned by South African tycoon Jonathan Jawno
With strategic investments in diverse sectors, Jawno’s influence extends to companies like African Phoenix Investments and Stratvest Holding,
South African-born billionaire Patrick Soon-Shiong loses $550 million in 16 days
With his present $9.45-billion fortune, Soon-Shiong retains his position as one of Africa’s leading billionaires.
Led by South African tycoon Giovanni Ravazzotti, Italtile faces 2.9-percent sales dip in 5 months
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.
5 companies owned by South African tycoon Laurie Dippenaar
As a strategic force shaping FirstRand and its diverse subsidiaries, Dippenaar’s legacy extends beyond wealth accumulation to impactful philanthropy.
South African billionaire Nicky Oppenheimer eyes $9.5-billion fortune as wealth soars
With his current fortune of $9.43 billion, Oppenheimer now claims the 231st spot on the global list of the wealthiest individuals.
South African-born tycoon Barry Stuhler makes $12.6 million from Lighthouse
Stuhler owns a 9.72-percent stake in Lighthouse Properties, which amounts to 172,699,222 ordinary shares in the company.
South African tycoon Jonathan Jawno rakes in $5 million from stake in Transactional Capital
Jawno, a founding member of Transaction Capital, owns a 9.59-percent stake in the group.