
Discovery co-founder Adrian Gore gains $34 million from stock rally
Over the past 16 days, the market value of his stake has increased by $34.74 million, propelling the market value of his stake above the $600-million mark.
Over the past 16 days, the market value of his stake has increased by $34.74 million, propelling the market value of his stake above the $600-million mark.
The performance was underpinned by higher room occupancy, improved Ebitdar margins, and disciplined cost and capital management.
The recent dip is a reflection of the growing pressure facing one of South Africa’s most recognizable retail names.
The surge follows a strong rally in Discovery’s share price on the Johannesburg Stock Exchange (JSE).
Swartzberg, a top figure in South Africa’s financial services industry, owns a 3.92-percent stake in Discovery, about 25.95 million shares.
Sibanye-Stillwater narrows 2024 loss to $311 million under Neal Froneman, showing signs of recovery amid weak metal markets and operational restructuring.
This follows a strong recovery in Aspen's share price on the Johannesburg Stock Exchange (JSE).
In the past two weeks, Adrian Gore's stake has dropped by R753.34 million ($39.83 million) as Discovery's shares slide on the JSE.
The company paid out R11.5 billion ($593 million) in benefits, with wellness incentives and living benefits surpassing traditional death claims for the first time.
South African businessman Barry Swartzberg’s stake in JSE-listed Discovery has dropped by $40.1 million, falling from R5.5 billion ($283.8 million) to R4.72 billion ($243.7 million).
Despite the decline, Ravazzotti remains a key player in South Africa’s retail and manufacturing sector.
Attridge, co-founder and group chief advisor of Aspen Pharmacare, holds a 4.3-percent stake in the company.
His career—spanning executive leadership, major acquisitions, and boardroom influence—reflects a deep understanding of South Africa’s shifting economic landscape.
The investment aims to improve agricultural efficiency and expand market access in one of Africa’s most crucial sectors.
The surge cements Swartzberg’s position as one of South Africa’s richest investors and a key player on the JSE.
This adds to an earlier loss of $46.83 million between Jan. 1 and 13, when his stake in Italtile dropped from $551.82 million to $504.99 million.