Bank led by South African exec Kennedy Bungane takes stake in Johann Rupert-backed Grindrod
The acquisition bolsters African Bank’s presence within the small and medium-sized enterprise (SME) segment, a key growth area for the bank.
Southern Africa
Zimbabwean tycoon Ken Sharpe’s WestProp begins development of $300-million mixed-use estate
The development encompasses an 18-hole championship golf course modeled after those used on the PGA Tour
South African tycoon Laurie Dippenaar gains $31.5 million from FirstRand in 18 days
The $31.46-million increase in the market value of Dippenaar’s investment in FirstRand solidifies his position as one of South Africa’s wealthiest businessmen.
South African tycoon Terrence Moolman’s Caxton stake gains $3.2 million
This recent boost follows a period of decline between Feb. 6 and April 18, when Moolman’s stake in the company fell by R146.85 million ($7.66 million).
South African tycoon Jannie Mouton gains $94 million from Capitec’s stake
Mouton, one of the co-founders of Capitec Bank, owns a 5.11-percent stake in the bank through the J.F. Mouton Familietrust.
Swazi billionaire Natie Kirsh gains $210 million in 18 days
The primary driver behind this growth is the exceptional performance of Jetro Holdings, a New York-based consumer goods holding company in which Kirsh holds a 75-percent stake.
Glencore-led by South African executive Gary Nagle eyes $46-billion British mining firm
Glencore’s recent interest in Anglo-American comes roughly three months after expressing interest in acquiring Shell’s refinery and petrochemical complex in Singapore.
South African tycoon Gus Attridge gains nearly $12 million from Aspen shares
Attridge, Aspen’s group chief advisor, and a JSE heavyweight, holds a 4.3-percent stake in the pharmaceutical company, amounting to 19,033,829 ordinary shares.
South African tycoon Johan Burger’s FirstRand stake gains $2.1 million in 15 days
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.
Backed by billionaire Patrice Motsepe, GoSolr unveils $538.5-million South Africa expansion
Founded in 2021, GoSolr has been at the forefront of making solar energy accessible, affordable, and flexible for all.
South African billionaire Ivan Glasenberg loses $240 million in 17 days
The $240-million decline is primarily attributed to the recent decrease in the market value of his 9.81-percent stake in Glencore.
South African billionaire Stephen Saad gains $32.2 million as Aspen shares soar
This increase underscores Saad’s significant influence in South Africa’s business landscape, elevating him among the top investors on the JSE.
South African billionaire Saltzman family gains $23 million from Dis-Chem stake
The family’s recent financial gains come after experiencing losses between March 22 and April 18, during which the family’s joint stake in Dis-Chem fell by $44.1 million.
South African tycoon Barry Swartzberg sees $11-million gain in Discovery stake
This upswing reaffirms Swartzberg’s position as a prominent figure among South Africa’s wealthiest businesspeople and leading investors on the JSE.
South African tycoon Laurie Dippenaar’s FirstRand advises on $160-million beverage deal
RMB, the corporate and investment banking arm of FirstRand advised on a groundbreaking $160-million deal.
South African tycoon Adrian Gore’s Discovery stake surges by more than $37 million
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.