South African billionaire Michiel Le Roux gains $100 million in 41 days
The recent uptick in his fortune can be attributed to the performance of his 11.39-percent stake in Capitec Bank.
South African billionaire
Sibanye-Stillwater stumbles under South African tycoon Neal Froneman with $132-million loss in 2023
The $132.1-million loss stemmed from writedowns on subsidiary investments totaling $2.27 billion under Froneman, reflecting lower prices for platinum, palladium, and rhodium.
South African businessman loses $5 million in Sabvest Capital investments
Despite the recent decline in his stake, Seabrooke remains a prominent South African business leader and a top investor on the JSE.
South African billionaire Michiel Le Roux’s Capitec Bank announces $20.37-million dividend payout
This dividend payout underscores Capitec Bank’s commitment to shareholder value creation.
South African billionaire Mouton family firm hits $21.3 billion in assets under management
PSG Group is a holding company, with positions in banking, education, finance, and consumer goods. The South African Mouton family owns 24.5 percent of the company.
South African billionaire Koos Bekker’s Naspers stake soars past $320 million
This gain solidifies Bekker’s position as a prominent South African business leader and a top investor on the JSE.
South African billionaire Koos Bekker’s Naspers pumps $56 million into share buyback to boost shareholder value
Naspers stays bullish on the future, reaffirming its focus on boosting shareholder value through ongoing share buybacks.
South African-born tycoon Barry Stuhler gains $4.2 million from Lighthouse stake
The recent $4.23-million gain further strengthens Stuhler’s reputation not only as a high-value JSE investor but also as one of South Africa’s most affluent individuals.
South African billionaire Michiel Le Roux’s Capitec Bank reports $550.8 million in earnings
Demonstrating its commitment to shareholder returns, Capitec Bank’s board of directors declared a final dividend of R3.345 ($0.1754) per share on April 22, 2024.
South Africa’s second-richest man Nicky Oppenheimer’s wealth drops by $600 million
The recent downturn in Oppenheimer’s net worth is attributed to the revaluation of his investments in private equity firms.
South African billionaire Stephen Saad’s Aspen to boost global supply of obesity medication
Aspen, Africa’s largest drugmaker, is actively exploring ways to ramp up the availability of these in-demand treatments worldwide.
South African-born billionaire Patrick Soon-Shiong loses $800 million in 13 days
The decline marks a continuation of the previous trend for Soon-Shiong, who previously saw his net worth decrease by $400 million earlier this month, between March 25 and April 3.
South African billionaire Christo Wiese takes $66.3-million hit on Shoprite stake
Despite this setback, Wiese remains a prominent figure among JSE investors and retains his position as one of Africa’s wealthiest businessmen.
South African billionaire Koos Bekker’s Prosus backs Sydney startup in $33-million raise
Prosus, a global consumer internet group founded in 1997 under South African billionaire Koos Bekker’s leadership, has become one of the world’s largest technology investors.
South Africa’s richest person Johann Rupert’s net worth soars $200 million in a day
After a challenging period, South Africa’s richest person Johann Rupert has seen his net worth rebound by $200 million in the past…
South African tycoon Adrian Gore’s Discovery stake slumps by nearly $40 million
Despite the recent plunge, Gore remains a prominent figure on the JSE and one of South Africa’s wealthiest businessmen.