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This recent slump compounds a previous loss of $76 million recorded between April 8 and 11, when the market value of his stake in Capitec Bank fell below $1.5 billion.
The facility aims to bolster Volcafe’s operations in East Africa, consequently supporting tens of thousands of coffee farmers in the region.
This recent dip comes on the heels of previous losses recorded between April 17 and 27, when Montanana’s shares in the company fell by $2.4 million
UBS disposed of R216.17 million ($11.8 million) in shares on Sept. 26, 2023, trimming its holding from 5.07 percent to 3.26 percent.
The two newly issued bonds, detailed in filings with the JSE on May 14, have nominal values of R576 million ($31.33 million) and R924 million ($50.26 million).
Vivendi, partly owned by Bollore Group, is using its subsidiary Canal+ to steadily increase its stake in MultiChoice.
The surge in Capitec Bank’s share price has propelled the market value of du Plessis’ stake up by $15.53 million over the past 27 days.
Despite this setback, Sellami remains one of the wealthiest investors on the local stock exchange and maintains a prominent position among the wealthiest individuals in the country.
Mupita attributed the decline to a challenging macroeconomic environment exacerbated by global geopolitical tensions.
Despite the recent plunge, Gore remains a prominent figure on the JSE and one of South Africa’s wealthiest businessmen.
Oppenheimer climbs to 224th spot on the global rich list, remains South Africa’s second-richest man.
Maintaining its leadership in South Africa and across the continent, Vodacom reported strong growth in key segments, with financial services emerging as a major driver.
The record dividend payout underscores its unwavering dedication to shareholder value and its position as one of the leading groups in Malawi’s financial services industry.
This move aligns with Absa’s client-centric approach, which is poised to play a growing role in global trade, particularly in the China-Africa investment relationship.
As Capitec Bank’s CEO, Fourie holds a 0.89-percent stake in the leading retail bank, equivalent to 1,027,673 ordinary shares.
The transaction aligns with Richemont’s growth strategy under Rupert’s leadership and deepens the group’s jewelry holdings.