7 companies owned by South African tycoon Giovanni Ravazzotti
Ravazzotti’s journey, marked by resilience and foresight, shaped the success of Italtile, listed on the Johannesburg Stock Exchange since 1992.
Billionaires Africa
Neal Froneman-led Sibanye commits $4.6 million to empower Rustenburg communities
Froneman expressed that the $4.6-million investment will be directed to address the needs and challenges faced by communities surrounding the Rustenburg operation.
UAE-based firm linked to Samih Sawiris nears 90-percent acquisition of OFH in $137.5-million deal
Sawiris owns a 9.2-percent stake in UAE-based investment firm, B Investments.
Egypt’s Khamis family loses $19.2 million in 17 days from Oriental Weavers’ stake
Oriental Weavers shares slump 8.29 percent, resulting in losses for shareholders, including the Khamis family.
Swazi billionaire Natie Kirsh adds $300 million to his fortune in 14 days
The primary driver behind this surge is attributed to the performance of his 75-percent stake in Jetro Holdings.
Egyptian tycoon Medhat Khalil’s Raya Holdings increases stake in Cairo-based logistics firm
Khalil firmly owns a commanding 58.1-percent majority stake in Raya Holding, boasting an impressive total of 1,245,661,205 shares.
South African billionaire Christo Wiese makes $122 million from Shoprite shares
Wiese owns an 11.5-percent stake in the leading supermarket chain, or 68,083,200 ordinary shares.
Black executive Sharon Barner earns $3.4-million salary from Cummins in 2022
Cummins Inc.’s administrative chief claims a $3.35-million compensation package amid strong financial performance.
5 companies owned by one of South Africa’s wealthiest women, Wendy Appelbaum
Appelbaum, a stalwart in South African business and philanthropy, is not only one of the country’s wealthiest women but a catalyst for positive change.
Black executive Rashida La Lande earns $6.4-million salary from Kraft Heinz
La Lande’s 2023 compensation package includes a long-term incentive award of $4.32 million.
Beyonce nears $1-billion net worth, joining the world’s wealthiest Black individuals
Beyonce’s net worth has soared to an impressive $800 million, marking a significant increase from $540 million at the start of this week.
Moroccan PM Aziz Akhannouch loses $14.8 million from Afriquia Gaz stake
Akhannouch — appointed prime minister of Morocco in September 2021 — derives part of his billion-dollar fortune from the Akwa Group.
Zimbabwean tycoon July Ndlovu-led Thungela slashes coal production amid rail crisis
The reduction, revealed on Wednesday, is attributed to persistent challenges in the country’s freight rail services.
Court rejects bid by late Kenyan multimillionaire’s son in Naivas share dispute
Naivas, founded by Peter Mukuha Kago, finds itself entangled in a legal dispute that adds complexity to its narrative amid ambitious expansion plans.
7 companies owned by South African tycoon Jonathan Jawno
With strategic investments in diverse sectors, Jawno’s influence extends to companies like African Phoenix Investments and Stratvest Holding,
South African-born billionaire Patrick Soon-Shiong loses $550 million in 16 days
With his present $9.45-billion fortune, Soon-Shiong retains his position as one of Africa’s leading billionaires.