South African tycoon Roux Shabangu constructs Shopping mall in KwaZulu-Natal
Shabangu, one of South Africa’s wealthiest men, is building the mall in partnership with Moolman Group, Twin City, and Green Giraffe.
South African billionaire
South African-born billionaire Patrick Soon-Shiong sees net worth slump by $860 million in 54 days
The decline in Soon-Shiong’s fortune can be attributed to the drop in the market value of his 80-percent stake in ImmunityBio.
South Africa’s second-richest man Nicky Oppenheimer surpasses $9-billion net worth
Oppenheimer’s net worth has surpassed $9 billion, as he joins the list of billionaires with impressive wealth gains this year.
Pick ‘n Pay, led by South African Ackerman family, bolsters fresh meat selection through Tomis Group acquisition
The deal will enable Pick ‘n Pay to expand its operations and bolster its earnings and revenue.
South African billionaire Christo Wiese’s Invicta stake skyrockets, nearing $30 million
Wiese owns a substantial 19.23-percent stake in Invicta Holdings.
Naspers, led by South African billionaire Koos Bekker, faces setback as profits slump below $10 billion
The majority of Bekker’s fortune stems from his 0.85-percent stake in Naspers and another 0.72-percent stake in Prosus.
South African tycoon Jonathan Jawno’s Transaction Capital faces $1.1-billion market cap plunge in 2023
Jawno owns a significant 9.59-percent stake in Transaction Capital, or 72,667,000 ordinary shares.
South African billionaire Michiel Le Roux rakes in $120 million, stake in Capitec surpasses $1-billion mark
This latest $120-million surge in Le Roux’s stake solidifies his position as one of Africa’s wealthiest individuals.
South African billionaire Ivan Glasenberg rakes in $310 million in just two weeks
This notable increase in Ivan Glasenberg’s net worth can be directly attributed to the recent performance of his 9 percent stake in Glencore.
Scandal-plagued South African billionaire Markus Jooste faces arrest as German court takes action
This comes weeks after Jooste failed to appear in court, marking his first criminal charge since the collapse of Steinhoff.
Africa’s first Black billionaire Patrice Motsepe gains $200 million in 19 days
Motsepe remains one of Africa’s wealthiest businessmen and retains the title of the richest Southern African Black billionaire.
Four assets that make South African billionaire Johann Rupert Africa’s richest man
With an impressive global ranking of 145 among the world’s wealthiest people, Rupert has constructed a diverse investment portfolio.
Prosus N.V., led by South African billionaire Koos Bekker, braces for profit slump
Founded in 1997 under Bekker’s leadership, Prosus has grown into one of the world’s largest technology investors.
South Africa’s second-richest man Nicky Oppenheimer gains $120 million in 19 days
The recent increase in Oppenheimer’s net worth can be attributed to the performance of his private equity investments.
South African billionaire Christo Wiese secures green light for lawsuit to reclaim wine estate
This approval comes nearly two years after Wiese initiated legal proceedings against the disgraced tycoon.
South African billionaire Stephen Saad rakes in $132 million as Aspen shares skyrocket
With a net worth of $1.2 billion, Saad’s 12.5-percent stake in Aspen Pharmacare accounts for a significant portion of his wealth.