South African tycoon Paul Hanratty reaps impressive gains as Sanlam’s stake exceeds $15 million
The surge in Hanratty’s stake can be attributed to the remarkable performance of Sanlam’s shares since the start of the year.
Southern Africa
Zimbabwean tycoon Kudakwashe Tagwirei allegedly laundered funds – Sentry Report
In August 2020, Tagwirei was sanctioned by the U.S. for harming the Zimbabwean people through extraordinary corruption.
Botswana tycoon Gulaam Abdoola’s Turnstar Holdings posts $8 million in profit in 2023
Abdoola, the managing director and a founding member of Turnstar Holdings, holds the largest individual stake in the company.
South African tycoon Christopher Seabrooke’s Sabvest Capital stake tanks, resulting in $26.9-million loss
Seabrooke holds a significant 40.61-percent stake in Sabvest Capital, making him one of the richest executives in the country.
5 companies owned by South African billionaire Christo Wiese
These stakes contribute to Wiese’s expanding wealth and reinforce his position as one of Africa’s most influential business figures.
10 assets owned by South Africa’s richest woman, Mary Slack
Slack, the granddaughter of Ernest Oppenheimer and elder sister of Nicky Oppenheimer, owns interests in dozens of ompanies.
South African tycoon Piet Mouton’s stake in Capitec Bank loses more than $180 million in 2023
Mouton, who has accumulated a substantial fortune through his diverse investment portfolio, has a 5.83-percent stake in Capitec Bank.
CEO of Africa’s biggest company sees remuneration slump to $5.9 million in 2023
Bob van Dijk, who has held the position of CEO since 2014, is renowned as one of the highest-paid executives on the continent.
Africa’s first Black billionaire donates $320,000 to resolve South Africa Women’s World Cup team pay dispute
Motsepe, who made history in 2008 as the first Black African billionaire, derives the majority of his wealth from his stake in ARM.
Tanzanian billionaire Rostam Aziz apologizes to Judiciary over careless remarks
Aziz issued an apology to Tanzania’s judiciary on Monday after making remarks on June 26 that raised doubts about the independence of the country’s judiciary.
Controversial South African mogul Zunaid Moti loses case against amaBhungane Centre
The amaBhungane Centre for Investigative Journalism had earlier been barred from using documents acquired from a source in its reporting on controversial businessman Zunaid Moti, who claimed they were stolen.
South African tycoon Barry Swartzberg’s stake in Discovery soars, gaining $18 million in 40 days
Swartzberg owns a 3.92-percent stake in the company, solidifying his position among South Africa’s most influential executives.
Nigerian billionaire Benedict Peters to meet Zimbabwean state officials over platinum project delays
Peters’ visionary leadership has contributed to the growth and development of Africa’s petroleum sector, and his achievements have been widely recognized.
The Richest Five: Meet the five African billionaires with a net worth of more than $5 billion
Six African billionaires boasted a net worth of over $5 billion at the start of 2023. However, only five individuals currently maintain this status.
Africa’s richest list reshuffled amid devaluations: Nigerian billionaires suffer, South African billionaires thrive
While South African billionaires enjoyed substantial gains from their well-diversified portfolios, their Nigerian counterparts bore the brunt of devaluations.
Remgro, controlled by Africa’s richest man, increases stake in Heineken
Rupert, Africa’s wealthiest individual, holds a 6.87-percent stake in Remgro, valued at more than $357.2 million.