South African tycoon Adrian Gore's Discovery stake slips under $600 million
Discovery co-founder Adrian Gore sees $21 million erased from his stake as JSE market pressures mount.
South African tycoon
South African tycoon Barry Swartzberg's Discovery stake falls by $13.7 million
Discovery shares dip 4.33% on JSE, wiping $13.7 million from Barry Swartzberg’s stake and pushing market value below $8 billion.
South African property tycoon Barry Stuhler’s Lighthouse acquires $159 million mall in Spain
Lighthouse Properties acquires Espacio Mediterráneo mall in Spain for $159.2 million, expanding its Iberian footprint and strengthening its retail strategy.
South African tycoon Giovanni Ravazzotti gains $18 million from Italtile stake
Giovanni Ravazzotti gains $18 million in four days as Italtile shares rebound, lifting his stake to nearly $420 million despite year-to-date losses.
South Africa’s Giovanni Ravazzotti sees Italtile stake slip below $400 million
This fresh setback extends a rough stretch for Ravazzotti, whose fortune had already taken a heavy blow earlier in the year.
Stephen Saad’s Aspen faces $148.7 million contract dispute
Aspen shares dive 30% amid $148.7 million mRNA tech dispute, stoking investor fears over financial stability.
Mzi Khumalo: South African tycoon who built Capital Alliance into an $8 billion asset manager
South African entrepreneur Mzi Khumalo built Capital Alliance into an $8 billion asset manager, blending sharp business acumen with social impact.
South African tycoon Barry Stuhler’s Lighthouse declares $29.5 million dividend
This represents a 17.08 percent increase compared to the previous year, driven by stronger-than-expected tenant sales and a strategic expansion of its property portfolio.
Stephen Saad’s wealth takes a hit as Aspen Pharmacare stock plunges, erasing $41 million
This downturn follows a $44 million gain in January, which had lifted his stake to R10.26 billion ($550.1 million).
South African tycoon Mike Teke’s Seriti unveils new coal mine, 300 jobs to follow
With this new mine, Seriti cements its lead as the largest black-controlled coal producer while securing a stable, long-term coal supply for power stations.
Sibanye, led by South African tycoon Neal Froneman, strikes chrome management deal with Glencore
The deal will see Glencore’s joint venture with Merafe Resources oversee Sibanye’s chrome recovery plants in South Africa.
South African tycoon Steven Herring-led Heriot REIT, raises stake in JSE-listed Texton to $15.4 million
The move, disclosed in a regulatory filing on Friday, Feb. 14, 2025, reflects the continued focus of Heriot REIT.
South African tycoon, Terrence Moolman, rakes in $4 million from Caxton shares
In just six days, the market value of his stake has climbed by $4.06 million, bringing his total holdings to $124.26 million.
South African tycoon Adrian Gore earns $1.7 million salary from Discovery in 2024
Discovery CEO and Co-founder Adrian Gore’s 2024 compensation package comprises a secure base pay of $448,843 and a performance-based short-term incentive of $565,687.
Stephen Saad’s stake in Africa’s largest pharmaceutical company sinks below $600 million
South African pharmaceutical tycoon Stephen Saad faces setback as Aspen Pharmacare shares decline.
South African tycoon Terrence Moolman’s Caxton stake surges above $130 million
This surge is driven by the sustained rise in the shares of the leading publisher of books, newspapers, and magazines on the Johannesburg Stock Exchange (JSE).