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Burger, a former CEO and non-executive director at FirstRand, owns a minority 0.11-percent stake, equivalent to 6,000,000 shares, in the leading financial services group.
This upswing reaffirms Swartzberg’s position as a prominent figure among South Africa’s wealthiest businesspeople and leading investors on the JSE.
The single-digit percent uptick in Discovery shares has boosted the market value of Gore’s stake by R697.27 million ($37.42 million) in the past 10 days.
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.
Montanana’s significant shareholding continues to position him as one of the wealthiest investors on the JSE.
Calisto, who holds a 74.7-percent stake in Karooooo worth more than $640 million, ranks as one of Africa’s leading tech entrepreneurs.
This follows a previous R227.73 million ($16.8 million) loss between March 28 and April 7, when his stake dipped from R4.57 billion ($244.51 million) to R4.25 billion.
Fourie holds a 0.89-percent stake in the leading retail bank, equivalent to 1,027,673 ordinary shares.
Mondi Plc has announced its withdrawal from the £5-billion ($6.2 billion) bid to acquire DS Smith, a UK-based paper, packaging, and recycling group.
The latest bump in his fortune comes on the heels of previous gains between Feb. 12 and March 24, when his stake in Aspen grew by R447.12 million ($25.12 million).
In a public announcement, Vodacom Tanzania emphasized the strategic significance of the acquisition in enhancing its network infrastructure and delivering superior services to its customers.
Dippenaar maintains his position as one of South Africa’s leading investors and one of the most affluent business executives across the African continent.
Montanana’s substantial shareholding continues to cement his status as one of the wealthiest investors on the JSE.
Froneman underlines restructuring need to fortify balance sheet
Despite the recent setback in Swartzberg’s stake, he retains his position as one of South Africa’s wealthiest businessmen and one of the most successful investors on the JSE.
The move is seen as a strategic maneuver to unlock shareholder value and expand WeBuyCars’ brand presence in the competitive used-car market.