South African tycoon, Terrence Moolman, rakes in $4 million from Caxton shares
In just six days, the market value of his stake has climbed by $4.06 million, bringing his total holdings to $124.26 million.
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Botswana tycoon Ramachandran Ottapathu’s Choppies rakes in $346 million in just six months
Choppies' H1 2025 revenue surged 19.4% to $346.2 million, driven by new stores, inflation, and sales growth. Profit rose despite margin pressures in key markets.
Standard Bank, led by Sim Tshabalala, makes $165 million bet on platinum group metals
The 5.74 percent stake in Northam Holdings boosts the bank’s mining investments in South Africa.
South African billionaire Ivan Glasenberg takes $684 million hit on Glencore stake
This decline follows a steeper loss earlier this year, when his stake dropped by $817.53 million between Jan. 24 and Feb. 23.
Trustco’s debt to Namibia’s Van Rooyen family rises to $280 million
Trustco Group’s debt to Next Capital hit $280 million, boosting the Van Rooyen family’s financial control.
Latest
South African billionaire Michiel Le Roux gains $166.76 million as Capitec shares climb
This latest increase builds on an earlier gain of $185 million between Jan. 28 and Feb. 10, when his stake climbed from $2.08 billion to $2.27 billion.
Ghanaian logistics tycoon Daniel McKorley’s firm seeks $445 million for salt expansion
Electrochem Ghana will use the funds to complete engineering, automate infrastructure, and build key facilities like pumps, pipelines, and a jetty for bulk exports.
Egyptian brothers Ahmed, Sadek El-Sewedy see $128 million surge in Elsewedy Electric
The brothers’ combined stake in the company is now valued at nearly $1.8 billion, a testament to their deep influence in the industry.
George Foreman, boxing legend and successful entrepreneur, passes away at 76
The Texas-born boxing legend died peacefully at a Houston hospital on Mar. 21, 2025, surrounded by loved ones.
