Billionaire Christo Wiese's Shoprite just blew past its store opening target
Shoprite has exceeded its full-year store opening target with a month to go, boosting the value of Christo Wiese's $1.2 billion stake in the retailer.
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Multimillionaire Gerrie Fourie says South Africa's dysfunction is exactly what makes it worth staying for
Capitec co-founder Gerrie Fourie says South Africa's dysfunction creates opportunities unavailable elsewhere and urged South Africans considering emigration to think carefully before leaving.
NBA champions New York Knicks are paying their roster $211 million and Karl-Anthony Towns leads at $53 million
The NBA champion New York Knicks carry a $211.7 million payroll, second highest in the league, led by Karl-Anthony Towns at $53.1 million this season.
The Inside Story: The $39 Billion Question
A decade in the making and only now running at full capacity, the world’s most ambitious refinery had never carried a market price. In ten days this month, it finally did — and the demand suggests the number is a floor.
Deep-Dive Report: Naguib Sawiris – The Safe-Haven Pivot
The eldest Sawiris turned a telecom windfall into a gold-and-property empire built for turbulent times — and his net worth now depends on which index you read. Inside the holdings, the strategy, and the range.
Wealth Intelligence: Patrice Motsepe – The $700 Million Reversal
A gold correction stripped $700 million from South Africa’s richest Black industrialist in three months. The episode is a window into a fortune built on mining beta — and the quieter machine built to offset it.
African Wealth Briefing — Mon., June 15, 2026
Rob Hersov tells the mines minister to fix the sector or forfeit the country's future. Robert Gumede nears a deal to resolve the Tongaat Hulett crisis.
Nigerian billionaire Femi Otedola completes London Business School programme
Nigerian billionaire Femi Otedola, who dropped out of high school at 17 without completing his A-Levels, has completed an executive programme at London Business School at 63.
Nigerian beverage heiress Kudirat Adegunwa-Balogun becomes ruling party's candidate for deputy governor of Ogun State
Kudirat Adegunwa-Balogun, CFO of Rite Foods and daughter of Nigerian beverage billionaire Adebola Adegunwa, has been named APC deputy governorship candidate for Ogun State's 2027 election.
Kenyan banker James Mwangi gains $8 million in four months on Equity Group stake
James Mwangi's 127.8 million Equity Group shares are now worth $75 million, up $8 million since Billionaires.Africa ranked him fourth on the NSE rich list in February.
Madagascar billionaire Hassanein Hiridjee's Axian Telecom secures €170 million EBRD loan to expand African networks
Hassanein Hiridjee's Axian Telecom has lined up a fresh €170 million EBRD loan to expand mobile and fibre infrastructure across Senegal and Kenya.
Saudi billionaire Abdulrahman Sharbatly's Golden Pyramids Plaza posts an 89% profit drop in Egypt
Saudi billionaire Abdulrahman Sharbatly's Golden Pyramids Plaza posted an 89% year-on-year profit collapse in Q1 2026 to $4.9 million despite revenues holding near $25.4 million.
Wealthy Nigerian senator Abdulaziz Yari accused of illegal gold mining as law enforcement seizes $3 million in gold
Abdulaziz Yari became Geregu Power chairman after spending N1.08 trillion ($793 million) on the acquisition as a civil society group links him to illegal gold mining.
Tyra Banks sues Netflix claiming her America's Next Top Model interview was edited to defame her
Tyra Banks filed a defamation lawsuit against Netflix on June 13 claiming producers cut her 3.5-hour interview to 16 minutes to construct a false narrative about her.
South African billionaire Rob Hersov tells the mining minister to fix the sector or forfeit the country's future
South African billionaire Rob Hersov has published a second open letter to Minerals Minister Gwede Mantashe arguing that policy failures are destroying South Africa's mining sector.
South African IT billionaire Robert Gumede is near a deal to save a 134-year-old sugar company from collapse
Robert Gumede's Vision Group and South Africa's IDC are near a deal that could finally resolve the Tongaat Hulett crisis ahead of a critical June 17 court hearing.