South African tycoon Johan Burger loses $5.8 million on investment in FirstRand
FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.
South African businessman
South African businessman Alan Pullinger loses $4.35 million from stake in FirstRand
Pullinger owns about 0.1 percent of the leading lender, or 5,634,679 ordinary shares.
South African billionaire Patrice Motsepe looks to boost clean power generation sevenfold across Africa
The news comes a year after the his energy firm acquired a strategic 40-percent stake in SOLA Group.
Neal Froneman’s Sibanye-Stillwater to restart South African gold operations
The news comes after the group signed a three-year wage agreement with its gold mine workers.
South African businessman Andre Du Plessis loses $14.1 million in nearly two weeks
Du Plessis co-founded Capitec Bank in 2001.
South African businessman Barry Swartzberg pledges $52 million in shares as security for $12.2-million obligation
Swartzberg is prohibited from selling the pledged shares.
South African mogul Adrian Gore’s Discovery Limited launches private firefighting service
Gore owns a sizable 7.48-percent stake in the Sandton-based company.
South African billionaire Michiel Le Roux gains $135 million in 35 days, net worth nears $2 billion
Le Roux owns 11.41 percent of the leading banking group.
South African mogul Adrian Gore sells $3.1 million in Discovery Limited shares in May
Gore owns a 7.47-percent stake in the South African financial services conglomerate.
African Bank to acquire Johann Rupert-linked Grindrod in $97-million deal
Grindrod is a freight logistics and shipping services company owned in part by Rupert’s Remgro Limited.
Nicky Oppenheimer unseats Johann Rupert to become South Africa’s wealthiest billionaire
Oppenheimer’s net worth is estimated to be $8.55 billion as of press time.
Christo Wiese-linked retailer Steinhoff says investors will wait until 2023 to receive $1.62-billion settlement
In 2017, Wiese was Steinhoff’s largest shareholder.
South African tycoon John Copelyn gains $41.8 million from stake in HCI
Copelyn owns a 6.49-percent stake in the Cape Town-based investment holding company.
South African mining mogul Neal Froneman fiercely defends his $18.9-million salary
In 2021, Sibanye-Stillwater’s executive directors and officers were handsomely rewarded, with $51.1 million in remuneration.
South African billionaire Patrice Motsepe-linked Sanlam finalizes UK divestment
The divestment is consistent with the group’s strategy to simplify its UK operations.
South African billionaire Stephen Saad’s Aspen could cut COVID-19 vaccine capacity
Saad controls a 12.5-percent stake in the leading drug company.