Naspers, led by South African billionaire Koos Bekker, faces setback as profits slump below $10 billion
The majority of Bekker’s fortune stems from his 0.85-percent stake in Naspers and another 0.72-percent stake in Prosus.
Southern Africa
South African tycoon Jonathan Jawno’s Transaction Capital faces $1.1-billion market cap plunge in 2023
Jawno owns a significant 9.59-percent stake in Transaction Capital, or 72,667,000 ordinary shares.
South African billionaire Michiel Le Roux rakes in $120 million, stake in Capitec surpasses $1-billion mark
This latest $120-million surge in Le Roux’s stake solidifies his position as one of Africa’s wealthiest individuals.
South African billionaires Patrice Motsepe, Johann Rupert score another rugby club takeover
A consortium linked to Motsepe and Rupert has purchased a 74-percent stake in the Boland Cavaliers.
The 10 most expensive homes in South Africa for sale
From the iconic Sandhurst to the exclusive suburbs of Bantry Bay and Clifton, these are the 10 most expensive homes for sale in South Africa in June 2023.
Angolan billionaire Isabel dos Santos accused by Dutch court of diverting $57.3 million
Accusations of corruption have long plagued dos Santos, including allegations that she and her husband siphoned $1 billion from state funds.
South African billionaire Ivan Glasenberg rakes in $310 million in just two weeks
This notable increase in Ivan Glasenberg’s net worth can be directly attributed to the recent performance of his 9 percent stake in Glencore.
Ghanaian billionaire Kevin Okyere secures $750-million loan to pump oil
Okyere is the founder of Springfield Group, one of Ghana’s few locally-owned oil exploration companies.
Africa’s richest man Johann Rupert slips by $200 million after surpassing Dangote
As a result of the $200-million dip, Rupert’s net worth slumped from $12 billion on June 16 to $11.8 billion at the time of writing.
Scandal-plagued South African billionaire Markus Jooste faces arrest as German court takes action
This comes weeks after Jooste failed to appear in court, marking his first criminal charge since the collapse of Steinhoff.
South African mogul Noluthando Gosa suffers $25-million loss from ArcelorMittal stake
Gosa derives the majority of her fortune from a well-diversified portfolio that includes a 6.15-percent stake in ArcelorMittal SA.
Africa’s first Black billionaire Patrice Motsepe gains $200 million in 19 days
Motsepe remains one of Africa’s wealthiest businessmen and retains the title of the richest Southern African Black billionaire.
South African tycoon Neal Froneman’s Sibanye-Stillwater among potential buyers for Zambia’s Mopani Copper Mines
Froneman confirmed the company’s interest in acquiring Mopani, expressing a long-term investment outlook.
Zimbabwe’s richest man Strive Masiyiwa faces $400-million net worth plunge in single month
Despite this recent setback, Masiyiwa remains Zimbabwe’s richest man and also one of the world’s richest Black people.
South African tycoon Piet Mouton gains $59.1 million as Capitec Bank shares skyrocket
After suffering significant losses earlier this year, Mouton has bounced back with an impressive gain of $59.1 million in just 19 days.
Four assets that make South African billionaire Johann Rupert Africa’s richest man
With an impressive global ranking of 145 among the world’s wealthiest people, Rupert has constructed a diverse investment portfolio.