South Africa’s second-richest man gains $750 million in November
With his fortune pegged at $9.33 billion, Oppenheimer now ranks as the world’s 241st richest individual.
South Africa
Kampala court halts bid by struggling Ugandan tycoon to reclaim assets mortgaged to South African creditors
Prior to the recent ruling, the International Chamber of Commerce Court of Arbitration ordered Bitature, his wife, and their companies to pay a total of $65.7 million.
South African banker Anel Bosman earns $1.7-million salary from Nedbank in 2022
Bosman, a veteran in the banking industry, boasts decades of experience in South Africa’s financial services sector.
South African mogul Neal Froneman-led mining group launches $500-million bond to fuel growth
Froneman — a driving force behind Sibanye-Stillwater’s transformation — holds a 0.3-percent stake in the precious metal mining group.
Africa’s first Black billionaire-linked telecom firm to state case in Vodacom-BVI merger
Rain Limited is a South African mobile communications company partly owned by Paul Harris, Michael Jordaan, and Patrice Motsepe
South African tycoon Kennedy Bungane-led African Bank nears 4-million-customer mark
Bungane underscores the audacity necessary to transition African Bank from a mono-line credit lender to a comprehensive retail and business bank.
The Saltzmans, one of South Africa’s richest families, make $103 million in 27 days
The Saltzman family, who own 35.12 percent of Dis-Chem, played a key role in steering its growth into one of South Africa’s largest retail pharmacy chains.
South African billionaire Christo Wiese $100-million poorer as Shoprite shares slump
Despite recent setbacks, Wiese remains a leading figure in the African business scene.
South African-born tycoon Barry Stuhler gains $6.9-million from Lighthouse stake
Stuhler owns a 9.72-percent stake in Lighthouse Properties, which amounts to 172,699,222 ordinary shares in the company.
South African banker David Munro earns $1.6 million from Standard Bank in 2022
Munro’s 2022 compensation package includes a base salary of $0.5 million and a performance-based short-term incentive of $0.49 million.
7 companies owned by South African billionaire Jannie Mouton
Mouton’s strategic investments and visionary entrepreneurship as a co-founder of Capitec Bank have had a profound effect on the South African economy.
South African tycoon Gary Nagle earns $6.1-million salary from Glencore in 2022
Beyond his executive roles, Nagle holds a 0.016-percent stake in Glencore, equivalent to 2,000,000 shares — a stake presently valued at $11.63 million.
South African tycoon Gerrie Fourie makes $16 million in 3 weeks
Fourie, the retail bank’s CEO, owns a 0.89-percent stake in Capitec Bank, or 1,027,673 ordinary shares.
Meet Patrice Motsepe’s sister: She is South Africa’s first Black mining entrepreneur
Radebe’s legacy is not just a testament to her entrepreneurial prowess but a symbol of breaking through the bedrock of adversity.
Zimbabwean tycoon July Ndlovu earns $7-million salary from Thungela in 2022
Under Ndlovu’s leadership, Thungela has evolved to the forefront of the market, excelling in the production and export of high-quality, low-cost thermal coal.
South African tycoon Jannie Mouton makes $95 million in 22 days from Capitec stake
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.