South African billionaire Johann Rupert’s Richemont seals acquisition of Italian jewelry brand
The move expands Richemont’s “Jewellery Maisons” division, which includes brands like Cartier and Van Cleef & Arpels.
Southern Africa
South African billionaire Nicky Oppenheimer’s wealth surges by $1.43 billion in 2024
Oppenheimer’s net worth has risen from $9.85 billion at the start of the year to $11.3 billion, solidifying his place among the world’s wealthiest individuals.
Sasol names South African executive Muriel Dube as new chair amid strategic shift
Her appointment comes at a pivotal moment for Sasol, which is repositioning itself in the energy market by expanding its natural gas operations.
Elon Musk’s Starlink plans South Africa launch despite regulatory hurdles
South African President Cyril Ramaphosa confirmed the discussions, underscoring the potential for deeper collaboration with the U.S. billionaire.
Zimbabwean billionaire Strive Masiyiwa boosts capacity for cross-border services in East Africa
This underscores Liquid’s commitment to enhancing East Africa's digital infrastructure as competition in the region intensifies.
Nigerian billionaire Aliko Dangote tops Africa’s richest list again
Dangote has reclaimed the title of Africa’s richest person, surpassing South African Johann Rupert, according to Bloomberg and Forbes data.
South African tycoon Christopher Seabrooke's Sabvest Capital stake drops by $4.44 million
Christopher Seabrooke’s stake in Sabvest Capital dips below $70 million as shares slide.
Africa’s first Black billionaire Patrice Motsepe to receive $45.2-million dividend from ARM
The dividend payout reflects a 25-percent decrease from the R1.08-billion ($60.3 million) dividend he received the previous year.
Giovanni Ravazzotti loses $18 million in two weeks from Italtile stake
South African tycoon Giovanni Ravazzotti sees $13.8-million decline in Italtile stake amid share price slide.
Anthony Leeming-led Sun International posts $52-million profit in H1 2024
Sun International, led by South African executive Anthony Leeming, reports surge in profit, driven by discontinued operations and revenue growth.
Standard Bank, led by Group CEO Sim Tshabalala, unveils innovative digital platform for loan management
New digital platform transforms syndicated loan management with automation and real-time data access, enhancing efficiency and reducing errors.
Sanlam, backed by Patrice Motsepe, targets India's wealth management sector
The move is part of a broader strategy to capitalize on growth opportunities in one of the world’s fastest-growing major economies.
Terrence Moolman's Caxton delivers $37.1-million profit in 2024
Profit fell from R751.88 million ($42.39 million) in 2023 to R657.36 million ($37.07 million), driven by rising costs, and subdued consumer spending.
Patrice Motsepe’s African Rainbow Minerals reports lowest profit in seven years
ARM, led by Africa’s first Black billionaire Patrice Motsepe, reports its lowest profit in seven years due to rising costs and a tough operating environment.
Sanlam, backed by Patrice Motsepe, posts $636-million profit in H1 2024
Sanlam, partly owned by Patrice Motsepe, reports a $636-million profit for the first half of 2024, fueled by strong performance across its diverse business segments.
Adrian Gore’s Discovery stake nears $750 million
South African insurance tycoon Adrian Gore nears billionaire status amid Discovery’s strong performance.