South African tycoon Raymond Ackerman, founder of Pick ‘n Pay, dies at 92
Ackerman’s passing marks the end of an era in South African retail, but his enduring legacy will continue to inspire future generations.
Southern Africa
10 companies linked to South African businessman Saki Macozoma
Billionaires.Africa has meticulously documented Macozoma’s affiliations with various companies where he currently holds leadership positions or has in the past.
South African exec Funeka Montjane earns $2-million salary from Standard Bank
Montjane’s 2022 compensation package marked an impressive 9.47-percent increase over the previous year’s total reward.
South African billionaire Patrice Motsepe’s ARM pursues lithium and copper assets
Motsepe expressed concerns about the soaring prices of these essential metal assets in the context of the clean energy transition.
South African banker Mike Davis receives $1.4-million salary from Nedbank in 2022
Davis, a leading South African banker and executive ranks as one of the country’s most affluent executives.
7 companies owned by Michael Jordan
This year alone, Jordan’s fortune has grown by $1.8 billion, solidifying his status as one of the world’s richest Black billionaires.
South African-born billionaire Patrick Soon-Shiong gains $180 million
Patrick Soon-Shiong’s net worth has experienced a significant upswing, rising from $8.68 billion on August 28 to an impressive $8.86 billion
Africa’s first Black billionaire Patrice Motsepe to receive $56 million in dividends from ARM
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining firm, presently owns a 40.37-percent stake in the company.
South African banker Harry Kellan earns $1.9-million salary from FirstRand
In recent years, Kellan has become an indispensable figure within FirstRand’s executive team.
5 companies linked to South African billionaire Ivan Glasenberg
Glasenberg’s substantial stake in Glencore, acquired through his funds and dividends, now stands at 9.81 percent, worth $6.67 billion.
South African billionaire Patrice Motsepe’s ARM sees profits fall below $500 million
African Rainbow Minerals (ARM) is a South Africa-based diversified mining group led by influential billionaire Patrice Motsepe,
German billionaire Clemens Tönnies to set up meat processing company in Namibia
Tönnies is a co-owner of Tönnies Holding ApS & Co, an international food-processing company and one of Germany’s largest companies.
South Africa’s second-richest man Nicky Oppenheimer gains $250 million in 8 days
With his current fortune of $9.25 billion, Oppenheimer claims the 231st spot on the global list of the wealthiest individuals.
Zimbabwe’s richest man Strive Masiyiwa’s wealth soars by $600 million in 2023
With a diverse and expanding portfolio, Masiyiwa continues to demonstrate his ability to adapt to changing market dynamics.
Nishlan Samujh: 48-year-old South African tycoon with $2.2-million stake in Investec
Samujh’s journey is not just a story of personal financial success but a testament to his strategic prowess in propelling Investec to new heights.
South African tycoon Adrian Gore gains $36 million from investment in Discovery
Gore holds a significant 7.48-percent stake in Discovery, which amounts to 48,599,758 ordinary shares.