South Africa’s richest man Johann Rupert’s Richemont hits $6.1 billion in Q3 sales
Rupert’s wealth skyrockets to $12 billion as Richemont’s sales surpass expectations.
Southern Africa
South African tycoon Johan Burger suffers $1.9-million loss from FirstRand stake
Burger, a seasoned director at FirstRand since 2009, owns a minority 0.11-percent ownership stake in the leading financial services conglomerate.
South African tycoon Adrian Gore loses $52 million as Discovery shares slump
Despite this setback, Gore maintains his status as a top figure among the richest investors on the JSE.
Africa’s first Black billionaire Patrice Motsepe’s bank targets $1-billion valuation
The bank is eyeing substantial funding of up to $100 million in a Series-D round.
Meet Keneilwe Moloko: A leading force in South African corporate governance
Her career, spanning finance, real estate, and non-profit initiatives, showcases her as a visionary, a trusted advisor, and a catalyst for ethical and sustainable business practices.
South African multimillionaire Saltzman family suffers $22-million loss from Dis-Chem stake
The market value of the Saltzman family’s joint stake in Dis-Chem Pharmacies has declined from $487.7 million on Jan. 1 to $465.61 million.
South African tycoon Jannie Mouton makes $43 million in 15 days from Capitec Bank
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen. He presently owns a 5.11-percent stake in the leading retail bank.
South Africa’s richest man Johann Rupert gains $800 million in single day
The recent increase in his wealth figures, driven by a sharp rise in Richemont’s share price, trimmed his year-to-date losses to $442 million.
Telecom firm linked to Malagasy tycoon Hassanein Hiridjee secures $60-million loan from IFC
The arrangement, structured in collaboration with Societe Generale Benin and Ecobank Togo, aims to propel Togocom into a new era of digital advancement.
Namibian tycoon Quinton van Rooyen’s Trustco seals $50-million deal with U.S. fund RVF
Trustco detailed its plan to issue new shares to RVF through an option, solidifying RVF’s position as a key anchor investor with a cash injection of up to $50 million.
TymeBank, backed by billionaire Patrice Motsepe, achieves first-ever profit milestone
Motsepe, the influential owner with a substantial stake in TymeBank, emphasized the bank’s appeal to a more affluent consumer market.
Eswatini’s richest man Natie Kirsh rakes in $100 million in just nine days
The recent $100-million boost in Kirsh’s wealth is linked to the outstanding performance of his private investments.
South African billionaire Christo Wiese faces $54.7-million loss from Shoprite stake
Wiese’s holdings in Shoprite amount to an 11.58-percent stake, valued at more than $920 million.
South African billionaire Patrice Motsepe-linked insurer eyes India for growth
India’s economy is growing nearly five times faster than South Africa’s.
South African executive Shameel Joosub earns $3.4-million salary from Vodacom
His compensation package includes a R16.64-million ($0.88 million) base salary, accompanied by a short-term incentive of R14.03 million ($0.74 million).
Africa’s first female billionaire accuses Angolan government of political persecution
Accused of embezzlement and fraud, dos Santos, through her lawyer, claims the allegations are politically motivated.