African Wealth Briefing — Fri., July 3, 2026
South Africa rejects a wealth tax in a win for its billionaire class. Johann Rupert's Richemont parts with a 196-year-old watchmaker.
Ivorian billionaire Jean-Louis Billon's Sucrivoire is the BRVM's best-performing stock in 2026
Jean-Louis Billon's Sucrivoire has surged 190 percent on West Africa's BRVM exchange in 2026, making it the region's best-performing stock despite losing $11 million last year.
South Africa rejects wealth tax in win for billionaires
South Africa's Finance Minister Enoch Godongwana has rejected a wealth tax, delivering a direct win to the country's billionaire class led by Johann Rupert and Patrice Motsepe.
Nigerian billionaire Oba Otudeko's Honeywell Group acquires 14% of Ikeja Hotel
Oba Otudeko's Honeywell Group has acquired a 14 percent stake in Ikeja Hotel Plc, valued at approximately N13.2 billion at current market prices.
African Wealth Briefing — Thurs., July 2, 2026
Johann Rupert's Remgro takes full control of Mediclinic in a $947 million deal. OCI's board backs Nassef Sawiris' bid to take the company private.
South African billionaire Christo Wiese is still deploying capital at 84 with a fresh R350 million investment
Christo Wiese's Titan Premier Investments has made a R350 million capital investment in Preference Capital as South Africa's most active billionaire investor keeps deploying capital.
OCI board recommends billionaire Nassef Sawiris' EUR 4.10 takeover offer
OCI Global's board has formally recommended Nassef Sawiris' EUR 4.10 all-cash takeover offer and agreed to hold a shareholder vote on the proposed Orascom Construction merger.
African Wealth Briefing — Wed., July 1, 2026
Aliko Dangote takes his empire to Tanzania with a 2,000-MW power-and-fertiliser plan. Cameroon's richest man bets nearly his whole fortune on an airline.
Johann Rupert's Remgro officially takes full control of Mediclinic Southern Africa in $947 million deal
Johann Rupert's Remgro has paid $947 million to take full control of Mediclinic's Southern Africa operations after the Competition Tribunal and all other regulators gave their approval.
African Wealth Briefing — Tues., June 30, 2026
South Africa has a new dollar billionaire in Dis-Chem founder Ivan Saltzman. Papa Kwesi Nduom bids for Standard Chartered's Ghana retail arm.
Cameroon's richest man Baba Ahmadou Danpullo bets $850 million on new airline
Cameroonian billionaire Baba Ahmadou Danpullo is investing 500 billion FCFA, nearly his entire fortune, to launch a private airline and build two new airports in Cameroon.
South Africa has a new dollar billionaire and it is Dis-Chem founder Ivan Saltzman
The Saltzman family has been ranked by the Bloomberg Billionaires Index for the first time with a $1.3 billion fortune built from a single Johannesburg pharmacy.
South African billionaire Ivan Saltzman built Dis-Chem into a $1.7 billion empire but Bloomberg says the succession test is only beginning
Ivan Saltzman built Dis-Chem from a single Johannesburg pharmacy in 1978 into a $1.7 billion healthcare chain and now faces his hardest task: handing it over.
Ghanaian multimillionaire Papa Kwesi Nduom wants to buy Standard Chartered's local retail business
Papa Kwesi Nduom's Groupe Nduom is exploring the acquisition of Standard Chartered Bank Ghana's retail banking business and wants an indigenous Ghanaian company to win the deal.
Africa's richest man is weighing major new investments in Tanzania
Tanzania has directed government ministries to begin technical discussions with Aliko Dangote on investments in fertiliser production, energy and transport infrastructure after President Samia's meeting with Africa's richest man.
Texas judge dismisses all Roc Nation lawsuits in Jay-Z Buzbee war
A Texas judge has dismissed all claims against Jay-Z's Roc Nation in lawsuits filed by attorney Tony Buzbee's former clients, handing the billionaire rapper a major legal win.