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.
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Billionaire Nassef Sawiris' Aston Villa banks record $157 million from Chelsea sale of Morgan Rogers
Aston Villa, chaired by Egypt's richest man Nassef Sawiris, has agreed a record $157 million sale of Morgan Rogers to Chelsea.
Algerian billionaire Abderrahmane Benhamadi's Condor signs German pipe manufacturing deal in Berlin
Abderrahmane Benhamadi's Condor agreed with Germany's Maincor to make pipes in Algeria, among more than 30 deals signed in Berlin.
Mohammed VI's sisters expand property empire with Delano Marrakech deal and French land
The three sisters of Morocco's king are deepening property bets, from a Delano hotel in Marrakech to French supermarket land.
Nigerian tycoon Tope Shonubi's Sahara Group wins 31-year Kenya gas terminal lease amid Senate probe
Kenya has leased state refinery land in Mombasa to Sahara Group's Asharami Synergy for 31 years, in a gas terminal deal now facing parliamentary scrutiny.
Palantir's billionaire founder Alex Karp says AI will make him 20 times richer and leave workers behind
Palantir chief Alex Karp says AI could make him twenty times richer, pushing his fortune toward $300 billion, while ordinary workers see only modest gains.
LeBron James credits Jay-Z with teaching him how to build a business empire
LeBron James says Jay-Z, whom he met at 16, taught him how to move in business, calling the rapper a big brother whose guidance still shapes him.
Tycoon Sandile Zungu gathers regional backing as SAFA nomination deadline nears
Sandile Zungu's challenge for the SAFA presidency has gained momentum, with a rival withdrawing in his favour ahead of the July 29 nomination deadline.
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.
Nigerian court orders final forfeiture of $6.5 million in jewellery and cars from businesswoman Aisha Achimugu
A Nigerian court has ordered the permanent forfeiture of about $6.5 million in jewellery, luxury vehicles and cash recovered from businesswoman Aisha Achimugu.
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.
Africa's richest man raises $2.5 billion in private placement before landmark refinery IPO
Aliko Dangote has raised $2.5 billion in a private placement ahead of his Nigerian refinery's IPO, set to become the largest in African history.
Museveni meets billionaire Rostam Aziz as Uganda media shutdown enters political phase
President Museveni has met billionaire Rostam Aziz, the incoming owner of Nation Media Group, over Uganda's shutdown of the Daily Monitor and NTV Uganda.
Group demands government action over raid on Ghanaian tycoon Sam Jonah's Nigerian real estate company
A Ghanaian group has demanded government intervention over a raid on Sam Jonah's Jonah Capital at Abuja's River Park Estate amid a disputed ownership fight.
Billionaire Femi Otedola's First HoldCo stake hits $641 million as shares hit record high
Femi Otedola's stake in First HoldCo climbed to about $641 million after the Nigerian bank's shares surged 9.97% to a record N95.95 on Friday.