US to strip South Africa of duty-free access on $1.7 billion of exports
The US will remove South Africa and Rwanda from its duty-free trade programme on Jan. 1, hitting South African citrus, wine and farm exporters.
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The US will remove South Africa and Rwanda from its duty-free trade programme on Jan. 1, hitting South African citrus, wine and farm exporters.
Aliko Dangote's fortune has jumped to $55.4 billion, lifting the combined wealth of Africa's 10 richest people to $142.5 billion in November 2026.
The sons of South African billionaires Johann Rupert, Nicky Oppenheimer and Michiel le Roux stand to inherit fortunes worth a combined $30 billion.
Heineken has put Nederburg, JC Le Roux and its other South African wines under review, three years after its Distell deal with Johann Rupert's Remgro.
Reinet Investments, the investment firm led by South African billionaire Johann Rupert, has appointed Raymond Hyman as chief financial officer from January 2027, succeeding Diane Longden.
South African billionaires Johann Rupert and Patrice Motsepe backed Willem Strauss after he won a third term as Blue Bulls Rugby Union president.
Rupert Beleggings, which holds Johann Rupert's controlling B shares in Remgro, is due R379.6 million when the investment group pays final and special dividends.
Swiss luxury group Richemont is discussing joining a consortium seeking to acquire De Beers, a move that could give Johann Rupert's company greater control over its diamond supply chain.
South African billionaire Johann Rupert's Reinet has spent about $100 million buying back 3.8 million shares since August, at prices roughly 36% below asset value.
Johann Rupert's fiber group Maziv now passes 2.9 million South African homes with 1.38 million subscribers, generating $473 million in revenue, Remgro's results show.
UBS analyst Zuzanna Pusz kept her buy rating on Richemont after the bank's Milan luxury conference, with a target of CHF 188.76 a share.
Johann Rupert draws no salary from Remgro. He is collecting $32.8 million in dividends after headline earnings rose 42.3% to $685 million.
Remgro, chaired by South Africa's Johann Rupert, expects headline earnings per share to rise between 37% and 47% for the year to June.
Johann Rupert has put his 39-year-old son Anton in charge of Richemont's creative and commercial direction as non-executive co-deputy chairman, announced on the day of the group's annual general meeting.
Billionaire Johann Rupert-backed RCL Foods produces 227,000 jars of mayonnaise daily, with Nola holding a 41.5% share of South Africa’s market.
Cartier has opened its first New Zealand store, on Auckland's Queen Street. It is the eighth in Oceania for the house that has driven most of billionaire Johann Rupert's recent gains and Richemont's third brand on the same street.