South African tycoon Raymond Ackerman, founder of Pick ‘n Pay, dies at 92
Ackerman’s passing marks the end of an era in South African retail, but his enduring legacy will continue to inspire future generations.
South African billionaire
South African billionaire Patrice Motsepe’s ARM pursues lithium and copper assets
Motsepe expressed concerns about the soaring prices of these essential metal assets in the context of the clean energy transition.
Africa’s first Black billionaire Patrice Motsepe to receive $56 million in dividends from ARM
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining firm, presently owns a 40.37-percent stake in the company.
South African banker Harry Kellan earns $1.9-million salary from FirstRand
In recent years, Kellan has become an indispensable figure within FirstRand’s executive team.
5 companies linked to South African billionaire Ivan Glasenberg
Glasenberg’s substantial stake in Glencore, acquired through his funds and dividends, now stands at 9.81 percent, worth $6.67 billion.
South African billionaire Patrice Motsepe’s ARM sees profits fall below $500 million
African Rainbow Minerals (ARM) is a South Africa-based diversified mining group led by influential billionaire Patrice Motsepe,
South Africa’s second-richest man Nicky Oppenheimer gains $250 million in 8 days
With his current fortune of $9.25 billion, Oppenheimer claims the 231st spot on the global list of the wealthiest individuals.
South African multimillionaire Barry Swartzberg loses $11 million in 29 days
Swartzberg owns a 3.92-percent stake in the Sandton-based financial services group.
South African billionaire Stephen Saad’s Aspen partners with Eli Lilly to expand medical access
Aspen Pharmacare, founded by Saad in 1997, has steadily fortified its global presence in the pharmaceutical sector for over two decades.
Michiel Le Roux loses $110 million from investment in Capitec Bank
Le Roux holds an 11.39-percent stake in Capitec Bank.
South African tycoon Giovanni Ravazzotti to receive $5-million dividend from Italtile
Ravazzotti, a leading figure in the business landscape, owns a significant 33.88-percent stake in Italtile.
South African-born billionaire Patrick Soon-Shiong’s net worth slumps by $770 million
Despite his recent decline in fortune, Patrick Soon-Shiong remains among the richest African billionaires.
South African billionaire Johann Rupert loses $1.1 billion in 23 days
Despite the latest slump in his fortune, Rupert still retains his position as South Africa’s richest man, ahead of Nicky Oppenheimer.
South African defense industry magnate Ivor Ichikowitz pledges to restore Mandela Mural in Kyiv, Ukraine
Through his foundation, Ichikowitz will pay for the restoration of the mural, which faced an act of vandalism in December 2021.
South African billionaire Patrice Motsepe’s ARM expects decline in FY23 earnings
Motsepe’s company expects to report 2023 fiscal year headline earnings of between $441 million and $495 million compared to $606 million in the 2022 financial year.
South African banker Sim Tshabalala earns $2.8-million salary from Standard Bank in 2022
Since assuming the mantle of CEO, Tshabalala has led Standard Bank Group to impressive financial milestones.