South Africa’s richest man Johann Rupert’s Remgro posts $1.3-billion half-year revenue
Ranked as Africa’s second-richest man and South Africa’s wealthiest individual, Rupert maintains significant control over Remgro Limited.
South African billionaire
Tech stock pullback leads to $300-million wealth loss for America’s second-richest Black billionaire
The recent downturn has also impacted Steward’s year-to-date wealth gains, which have now decreased to $667 million, according to data retrieved from the Bloomberg Billionaires Index.
Africa’s first Black billionaire Patrice Motsepe to receive $28.8 million from ARM
The $28.8-million interim dividend will be deposited into Patrice Motsepe’s bank account on Mon., April 8, 2024.
South African billionaire Ivan Glasenberg’s wealth surges by $510 million in 34 days
Despite recording substantial year-to-date losses totaling $687 million, Glasenberg’s recent ascent in wealth has been notable.
South African billionaire Michiel Le Roux’s stake in Capitec hits $1.5 billion
The recent surge in the lender’s share price comes on the heels of its recent acquisition of a majority stake in Cyprus-based digital non-bank consumer lender, Avafin
South African billionaire Michiel Le Roux’s Capitec raises stake in Cyprus-based Avafin
Capitec Bank, founded two decades ago by Michiel Le Roux, Jannie Mouton, and Riaan Stassen, has evolved into a globally renowned banking brand.
Startup backed by South billionaire Koos Bekker’s Naspers secures $16 million from Standard Bank
The recent funding from Standard Bank is a significant milestone toward achieving this goal and transforming auto financing for traditionally underserved demographics.
South Africa’s second-richest man Nicky Oppenheimer gains $200 million in 12 days
With his current fortune of $10.5 billion, Oppenheimer claims the 229th spot on the global list of the wealthiest individuals.
South Africa’s richest man Johann Rupert’s fortune surges to $14.1 billion
The $600-million recent surge in his fortune is linked to the performance of Rupert’s 9.14-percent stake in Richemont.
Africa’s first Black billionaire Patrice Motsepe’s ARM reports $157.8 million in earnings
Headline earnings plummeted by 43 percent, falling from R5.17 billion ($275.5 million) in the first half of 2023 to R2.96 billion ($157.8 million) in the same period of 2024.
South African billionaire Patrice Motsepe-backed Sanlam posts $73-million profit in 2023
Sanlam CEO Paul Hanratty, a notable figure in South Africa’s business landscape, lauded the company’s robust delivery in the face of extraordinary challenges during the past fiscal year.
Led by South African Ackerman family, Pick ‘n Pay set to liquidate Baladakis Stores
As the legal battle unfolds, the retail industry watches closely to see the implications and outcomes of Pick ‘n Pay’s unprecedented move to liquidate a major franchisee in its extensive network.
South African billionaire Saltzman Family gains $41 million from Dis-Chem shares
Thanks to the recent upswing in Dis-Chem’s shares, the Saltzman family’s stake in Dis-Chem has surged by R776.36 million ($41.42 million) since Feb. 19.
South African billionaire Michiel Le Roux makes $42 million from stake in Capitec Bank
This surge solidifies his standing as one of South Africa’s leading businessmen and investors.
South African billionaire Koos Bekker loses $34.4 million from Naspers stake
Bekker, a top figure in South Africa’s business landscape, is credited with transforming Naspers from a newspaper publisher into a top player in e-commerce and cable TV.
South African billionaire Christo Wiese positive on Nigeria, predicts investors’ return
Wiese emphasized that the current withdrawal of foreign investors, including those from South Africa, is a temporary phenomenon.