South African tycoon Gerrie Fourie loses $11.9 million from stake in Capitec Bank
Fourie holds a 0.89-percent stake in the leading retail bank, equivalent to 1,027,673 ordinary shares.
Southern Africa
South African billionaire Christo Wiese takes $66.3-million hit on Shoprite stake
Despite this setback, Wiese remains a prominent figure among JSE investors and retains his position as one of Africa’s wealthiest businessmen.
Zimbabwean exec Ralph Mupita led MTN set to launch joint tech innovation lab in Johannesburg
This stems from a Memorandum of Understanding signed during the Mobile World Congress (MWC) 2024, underscoring commitment to technological evolution.
South African tycoon Saki Macozoma-linked Mondi drops $6.2-billion bid for UK firm
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.
South African media tycoon Terrence Moolman loses $7.6 million from Caxton stake
Moolman’s stake in Caxton & CTP Publishers has seen a decline of $7.66 million over the last 72 days, signaling waning investor interest in Caxton on the JSE.
South African-British billionaire Clive Calder’s net worth takes $320-million hit
Calder’s wealth has decreased by $320 million since April 2. This equates to an average daily loss of $20 million over the specified period.
South African exec Anthony Leeming-led Sun Int’l finalizes $14.4-million exit from Nigeria
With Leeming at the helm, the leading hospitality and leisure group will sell a 43.3-percent equity stake in TCN, which operates the Federal Palace Hotel in Lagos.
South African multimillionaire Saltzman family sees $44.1-million loss on Dis-Chem stake
Despite the decline, the Saltzmans remain prominent investors on the Johannesburg Stock Exchange (JSE).
South African billionaire Koos Bekker’s Prosus backs Sydney startup in $33-million raise
Prosus, a global consumer internet group founded in 1997 under South African billionaire Koos Bekker’s leadership, has become one of the world’s largest technology investors.
South African tycoon Gus Attridge gains $7.95 million from Aspen shares
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).
Namibian tycoon Quinton van Rooyen’s Trustco enters $100-million partnership with RVF
The partnership aligns with Trustco’s active pursuit of new capital sources, particularly in the wake of the decline in its market capitalization in recent years.
Swazi billionaire Natie Kirsh’s net worth slumps by $260 million
The $260-million decline in his fortune is attributed to the performance of his 75-percent stake in Jetro Holdings, a New York-based consumer goods holding company.
South African exec Shameel Joosub-led Vodacom concludes $26.7 million acquisition of Smile Communication
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.
FirstRand shares slump costs South African tycoon Laurie Dippenaar $10.3 million
Dippenaar maintains his position as one of South Africa’s leading investors and one of the most affluent business executives across the African continent.
South Africa’s richest person Johann Rupert’s net worth soars $200 million in a day
After a challenging period, South Africa’s richest person Johann Rupert has seen his net worth rebound by $200 million in the past…
South African tycoon Adrian Gore’s Discovery stake slumps by nearly $40 million
Despite the recent plunge, Gore remains a prominent figure on the JSE and one of South Africa’s wealthiest businessmen.