South Africa’s richest man Johann Rupert loses $3.7 billion in three months
Data from the Bloomberg Billionaires Index reveals that Rupert’s net worth slumped from $14.4 billion on July 16 to $10.7 billion.
South Africa
South African-born billionaire Patrick Soon-Shiong gains $220 million
At the time of drafting this report, Soon-Shiong held the 257th position on the global list of the richest individuals.
5 companies linked to South African businessman Mteto Nyati
In the South African business landscape, Nyati stands tall as a prominent figure, leaving an indelible mark on the corporate landscape.
South African exec Kennedy Bungane-led African Bank expands with $170-million Sasfin unit acquisition
This acquisition follows African Bank’s earlier acquisition of Grindrod Bank and Grindrod Financial Holdings.
South African tycoon Fleetwood Grobler’s Sasol faces hurdle in $77-million deal
In recent times, Fleetwood Grobler, a minority shareholder in Sasol, has been leading Sasol’s transition toward cleaner and renewable energy strategies.
4 companies linked to South African businessman Johan Burger
Beyond his leadership contributions at FirstRand, Burger owns a 0.11-percent minority stake in FirstRand.
South African tycoon Gerrie Fourie nets over $4 million in just 10 days
Fourie, Capitec Bank’s CEO, owns a 0.89-percent stake in the leading retail bank.
South African billionaire Christo Wiese-linked retailer, Steinhoff, faces liquidation
Wiese’s link with Steinhoff traces back to 2012 when he exchanged the historic Lanzerac wine estate for $11 million worth of Steinhoff shares.
Philip Tobias: South African executive leading Patrice Motsepe’s billion-dollar group
In recent years, Tobias has established himself as a renowned mining engineer with extensive industry expertise.
South African billionaire Patrice Motsepe’s TymeBank hits 8 million customers
Motsepe boasts a net worth of $2.2 billion, making him the richest Black billionaire in Southern Africa.
South African executive Mike Schmidt earns $4.5-million salary at ARM in 2022
Schmidt was CEO and executive director at ARM from 2011 to 2023. During his tenure, he led ARM to impressive financial milestones.
5 organizations linked to Kgalema Motlanthe, South Africa’s third president
Motlanthe’s influence extends to several organizations, and here are five prominent ones where he holds substantial ownership or influential board positions.
South African tycoon Eric Ellerine suffers $5.4-million loss from Sabvest Capital stake
Ellerine owns a 9.52-percent stake in Sabvest Capital, making him the second-largest shareholder in the investment holding company.
South African executive Richard Stewart earns $3.1-million salary from Sibanye-Stillwater
Stewart transitioned to the role of chief regional officer in May 2022 after serving as the group’s COO from December 2020 to April 2022.
South African tycoon Neal Froneman loses $2.1 million in 19 days
The double-digit slump in the shares of Sibanye-Stillwater has significantly impacted the market value of Froneman’s stake.
South African businessman Mteto Nyati steps down from Nedbank board
Nyati is widely recognized as an inspiring leader with a proven track record of successfully executing growth and turnaround strategies.