South African billionaire Michiel Le Roux gains $100 million in 41 days
The recent uptick in his fortune can be attributed to the performance of his 11.39-percent stake in Capitec Bank.
Southern Africa
Sibanye-Stillwater stumbles under South African tycoon Neal Froneman with $132-million loss in 2023
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.
South African tycoon Jens Montanana loses $2.4 million from Datatec stake
Montanana’s significant shareholding continues to position him as one of the wealthiest investors on the JSE.
South African businessman loses $5 million in Sabvest Capital investments
Despite the recent decline in his stake, Seabrooke remains a prominent South African business leader and a top investor on the JSE.
South African billionaire Michiel Le Roux’s Capitec Bank announces $20.37-million dividend payout
This dividend payout underscores Capitec Bank’s commitment to shareholder value creation.
Malawian businessman Hitesh Anadkat loses $16 million as FMB Capital shares drop
Anadkat remains one of the wealthiest investors on the Malawi Stock Exchange and a prominent figure among the country’s most successful businessmen.
South African billionaire Mouton family firm hits $21.3 billion in assets under management
PSG Group is a holding company, with positions in banking, education, finance, and consumer goods. The South African Mouton family owns 24.5 percent of the company.
South African billionaire Koos Bekker’s Naspers stake soars past $320 million
This gain solidifies Bekker’s position as a prominent South African business leader and a top investor on the JSE.
South African billionaire Koos Bekker’s Naspers pumps $56 million into share buyback to boost shareholder value
Naspers stays bullish on the future, reaffirming its focus on boosting shareholder value through ongoing share buybacks.
South African-born tycoon Barry Stuhler gains $4.2 million from Lighthouse stake
The recent $4.23-million gain further strengthens Stuhler’s reputation not only as a high-value JSE investor but also as one of South Africa’s most affluent individuals.
South African billionaire Michiel Le Roux’s Capitec Bank reports $550.8 million in earnings
Demonstrating its commitment to shareholder returns, Capitec Bank’s board of directors declared a final dividend of R3.345 ($0.1754) per share on April 22, 2024.
South Africa’s second-richest man Nicky Oppenheimer’s wealth drops by $600 million
The recent downturn in Oppenheimer’s net worth is attributed to the revaluation of his investments in private equity firms.
Karooooo shares propel South African tech leader Zak Calisto’s wealth by $33 million
Calisto, who holds a 74.7-percent stake in Karooooo worth more than $640 million, ranks as one of Africa’s leading tech entrepreneurs.
South African tycoon Giovanni Ravazzotti takes $8.6-million hit on Italtile stake
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.
South African billionaire Stephen Saad’s Aspen to boost global supply of obesity medication
Aspen, Africa’s largest drugmaker, is actively exploring ways to ramp up the availability of these in-demand treatments worldwide.
South African-born billionaire Patrick Soon-Shiong loses $800 million in 13 days
The decline marks a continuation of the previous trend for Soon-Shiong, who previously saw his net worth decrease by $400 million earlier this month, between March 25 and April 3.