South African billionaire Jannie Mouton’s Capitec stake drops below $1 billion
This marks a reversal after his stake surged by over $300 million in 2024, reaching a peak valuation of $1 billion by the end of the year.
Related
South African billionaire Johann Rupert's Richemont stock slides as China luxury slump weighs on Swiss empire
Richemont shares are under pressure as China's luxury spending slump rattles Johann Rupert's Swiss-listed holding company behind Cartier.
Sasfin Wealth rebrands as Otto1890 as Sasfin exits banking and the JSE
Erol Zeki's Sasfin Wealth has rebranded as Otto1890, honoring founder Otto Pollak, as the broader Sasfin Group exits banking and the JSE.
Zimbabwe's push to raise the ethanol blend from E5 to E20 could sharply boost tycoon Billy Rautenbach's Green Fuel business
Zimbabwe is pushing to raise its ethanol blend from E5 to E20, a move that could sharply boost Billy Rautenbach's Green Fuel operation in Chisumbanje.
Datatec founder Jens Montanana buys European tech firm, plants flag in Poland
Datatec founder Jens Montanana is pushing deeper into Europe, with Logicalis Germany snapping up Berlin-based network automation specialist NetworkedAssets.
Latest
African Wealth Briefing — Fri., March 27, 2026
Dangote confirms plans to double refinery capacity to 1.4 million bpd, Rupert's Richemont slides on China's luxury slump, NCBA posts $180 million profit ahead of Nedbank's $856 million takeover bid, and a Nigerian court forfeits $13 million tied to Aisha Achimugu.
Late Access Bank CEO Herbert Wigwe owned 106 properties in London, a new investigation into offshore real estate ownership reveals
Late Access Bank CEO Herbert Wigwe has been linked to 106 London properties in a sweeping new investigation into offshore ownership in the British capital.
Ghana's opposition petitions rights body over Ibrahim Mahama
Ghana's parliamentary minority is moving to petition a national rights body over Ibrahim Mahama's Damang Mine bid and alleged constitutional breaches.
Court orders final forfeiture of $13m tied to Aisha Achimugu
Federal High Court in Abuja orders final forfeiture of $13 million tied to Aisha Achimugu after EFCC establishes funds as proceeds of fraud.