South Africa’s Ackerman family gains $18.5 million from Pick ‘n Pay stake
This surge solidifies the Ackerman family’s position as one of the wealthiest investors on the JSE.
Southern Africa
Discovery Health, linked to South African tycoon Adrian Gore, distributes over $32 million via wellness fund
With more than $32 million distributed to more than 485,000 medical aid members, the initiative underscores Discovery’s commitment to enhancing healthcare accessibility.
Christo Wiese-backed Shoprite joins retailers investing $125 million in startups every five years
Shoprite Holdings is partially owned by South African billionaire Christo Wiese, who holds an 11.63-percent stake in the retailer.
Backed by Africa’s first Black billionaire Patrice Motsepe, Sanlam to acquire stake in Indian insurer
Sanlam’s interest in SGIC is set to rise from 40 percent to 51 percent, and in SLIC from 42 percent to 54 percent.
Zimbabwe’s richest man Strive Masiyiwa’s company set to trade in new currency
Masiyiwa is Zimbabwe’s wealthiest businessman and a prominent figure among the world’s Black billionaires with an estimated net worth of $1.8 billion.
South African tycoon Giovanni Ravazzotti suffers $16.8-million loss from Italtile stake
Despite the loss, Ravazzotti retains his position as one of the wealthiest investors on the JSE and one of South Africa’s most prosperous businessmen.
South African mining mogul Neal Froneman’s Sibanye stake hits $10.5 million
This surge in his fortune cements Froneman’s position as a key figure in South Africa’s mining sector.
Discovery shares plunge, costing South African tycoon Adrian Gore $43.2 million
Despite the recent decline, Gore remains a top figure on the JSE.
Africa’s first Black billionaire Patrice Motsepe loses $100 million in six weeks
The decline is a significant blow to Motsepe’s wealth, as his holding in ARM represents a substantial portion of his net worth.
Namibian tycoon Quinton van Rooyen’s Trustco to postpone $61.7-million loan repayment
Trustco is primarily owned and managed by the Namibian van Rooyen family, which holds a substantial 63.94-percent ownership stake, or 1,004,000,060 ordinary shares.
South African billionaire Christo Wiese’s Shoprite employee trust pays out $27 million in two years
Established in May 2022, the SET is a non-vesting, perpetual trust funded with 40 million Shoprite Checkers shares valued at R8.9 billion ($478.07 million).
South African tycoon Gerrie Fourie gains $5.5 million from his shares in Capitec Bank
This uptrend adds to his previous gains, with his stake increasing by $8.6 million between Jan. 4 and Mar. 9.
South African billionaire Michiel Le Roux’s Capitec Bank stake gains $60 million in 24 hours
This surge not only cements Le Roux’s status among South Africa’s billionaires but also strengthens his reputation as a key investor on the JSE.
South African tycoon Jannie Mouton gains $42.2 million from Capitec Bank stake
This surge in Mouton’s stake solidifies his spot among the most affluent investors on the JSE.
Africa’s first Black billionaire Patrice Motsepe’s ARM acquires $2.8-million stake in Toronto-listed firm
Motsepe, boasting a net worth of $2.5 billion, derives a significant portion of his wealth from his substantial stake in ARM, cementing his position as one of Africa’s leading industrialists.
South African tycoon Stephen Brookes faces $2-million loss from Balwin stake
Despite the recent slump, Brookes remains a prominent figure in the South African real estate landscape.