Billionaire Johann Rupert's Remgro has paid chief executive Jannie Durand $13.8 million over 14 years
Jannie Durand has earned R227.6 million running Johann Rupert's Remgro since 2012, with his largest pay packages arriving in 2022 and 2023.
Otobong Tommy
Reporter
Otobong Tommy is a business writer and researcher with a background in public administration. She has worked with media and policy-adjacent institutions including Ventures Africa and NAEC, contributing to research and business reporting.
Billionaire Abdul Samad Rabiu's BUA Foods embarks on largest expansion in company history
BUA Foods, controlled by billionaire Abdulsamad Rabiu, has begun the largest expansion in its history, entering the noodles market and scaling wheat milling capacity.
Cameroonian billionaire Paul Fokam's Afriland opens in Central African Republic
Afriland First Bank, founded by Cameroonian billionaire Paul Fokam, has become the first Cameroonian lender to open in Central African Republic, targeting a largely unbanked market.
Ugandan tycoon Charles Mbire quit Kampala Cement board over governance failures before collapse
Ugandan tycoon Charles Mbire says he resigned from Kampala Cement's board over unauthorised transactions three years before the $82 million-indebted cement maker collapsed.
South African billionaire Zak Calisto's stake in Karooooo crosses $1 billion again after record quarter
Karooooo founder Zak Calisto's direct stake is worth about $1.05 billion after record subscriber additions lifted the vehicle-tracking group's value to $1.81 billion.
Billionaire Ibrahim Mahama's E&P accused of espionage in $250 million Ghana gold fight
Engineers and Planners, owned by Ghanaian billionaire Ibrahim Mahama, has been accused of industrial espionage to seize a $250m gold project. It denies wrongdoing.
Nigerian billionaire Femi Otedola's First HoldCo stake hits $530 million at record close
Femi Otedola's stake in First HoldCo rose to about $530 million after the Nigerian bank's shares surged 9.98% to a record close of N79.35.
Aliko Dangote's $17 billion Lamu refinery faces Greenpeace demand for halt over ecosystem risk
Greenpeace Africa has called for a halt to Aliko Dangote's $17 billion Lamu oil refinery, warning it threatens one of East Africa's fragile ecosystems.
Elon Musk's SpaceX to test Starlink links with South Africa ground stations
SpaceX will test laser links between new Starlink satellites and ground stations in South Africa, the one African market where Starlink cannot legally sell service.
Billionaire Magic Johnson's Las Vegas NBA bid faces new rival targeting $13 billion war chest
Magic Johnson's bid for a Las Vegas NBA expansion team faces a new rival group targeting as much as $13 billion in capital.
Billionaire David Steward's World Wide Technology wins $230 million US Army modernization contract
World Wide Technology, David Steward's St. Louis tech giant, has won a $230 million contract to modernize the US Army's IT infrastructure.
Jamaican billionaire Michael Lee-Chin's Portland Holdings signs Turkish nuclear deal in energy push
Michael Lee-Chin's Portland Holdings has signed a new agreement with Turkish firm Nuclean to cooperate on Turkey's growing nuclear-energy sector.
Elon Musk settles US securities case over Twitter stake for $1.5 million
A US judge has approved Pretoria-born Elon Musk's $1.5 million settlement with regulators over the late disclosure of his 2022 Twitter stake.
Egyptian billionaire Naguib Sawiris pours another $10 million into the Giza pyramids revamp
Naguib Sawiris is adding about $10 million to his Giza pyramids overhaul, funding 30 electric buses and a 15,000-seat sports pavilion.
South Africa's two richest men are locked in a decades-long horse racing rivalry
Johann Rupert and the Oppenheimer family have poured billions into South African horse racing, building rival stud farms and saving the sport.
Michael Jordan extends Upper Deck deal as the card maker's first Legacy Partner
Michael Jordan has extended his 35-year Upper Deck partnership, becoming the card maker's first Legacy Partner in a deal of undisclosed value.