Property tycoon Roux Shabangu faces provisional sequestration amid escalating tax disputes
Property tycoon Roux Shabangu faces provisional sequestration after losing a court battle with Sars over millions in unpaid taxes, marking the latest setback in a long-standing legal dispute and raising concerns about his financial practices and lavish lifestyle.
Related
South African tycoon Roux Shabangu to lose assets over tax debt
Shabangu is the founder of JB Holdings, a conglomerate with tentacles in commercial real estate, mining, oil and gas, and telecom.
South African tycoon Roux Shabangu constructs Shopping mall in KwaZulu-Natal
Shabangu, one of South Africa’s wealthiest men, is building the mall in partnership with Moolman Group, Twin City, and Green Giraffe.
Latest
Ghanaian tycoon Daniel McKorley urges graduates to innovate and create opportunities
Ghanaian tycoon Daniel McKorley urges graduates to innovate, solve problems and create opportunities beyond traditional jobs.
Nestoil founder Ernest Azudialu-Obiejesi faces fresh pressure as appeal stalls over who speaks for company
A court battle over who represents Nestoil delays an appeal, keeping Ernest Azudialu-Obiejesi’s accounts frozen and OML 42 stake in receivership.
Kenyan tycoon TK Muya’s Family Bank raises $61 million in oversubscribed share offer
Kenyan tycoon TK Muya’s Family Bank raised $61.8 million in an oversubscribed share offer, boosting capital to expand lending and support regional growth ambitions.
Moroccan billionaire Anas Sefrioui loses $135 million as Addoha slides
Moroccan billionaire Anas Sefrioui loses $134.9 million as Addoha shares slide, cutting the value of his majority stake below $1.03 billion.