South Africa’s van der Walt brothers see WeBuyCars lose $516 million to cheap Chinese cars
WeBuyCars, the used-car dealer founded by South African tycoons Faan and Dirk van der Walt, has lost about R8.6 billion in market value this year.
Johannesburg Stock Exchange
South African tycoon Stephen Saad's Aspen sells menopause drug rights for $220 million
Aspen Pharmacare, led by South African tycoon Stephen Saad, is selling the European rights to its menopause treatment Ovestin to Ennogen for €197 million.
South African billionaire Patrice Motsepe's African Rainbow Minerals stake drops to $781 million
Patrice Motsepe's African Rainbow Minerals shares have lost about $300 million this year as the miner spends on platinum and fights its partner in court.
South African financier Magda Wierzycka may leave the investment firm she founded
Sygnia founder Magda Wierzycka says she may reconsider her future at the firm if shareholders vote down an expanded share option scheme.
Discovery founder Adrian Gore and top executives sell $7 million in shares
Nine Discovery executives, including founder Adrian Gore, sold R117.9 million ($7.1 million) of shares after long-term incentive awards vested in September.
South African billionaire Jannie Mouton loses $115 million on Capitec shares in third quarter
PSG founder Jannie Mouton's Capitec stake lost $115 million in the third quarter as shares of South Africa's biggest retail bank fell 7%.
Blu Label, controlled by South Africa's Levy brothers, swings to a $306 million loss
Blu Label Unlimited posted a R4.9 billion loss after writing down Cell C, but paid a dividend for the first time in eight years.
Nigerian billionaire Aliko Dangote could list his refinery in South Africa after Nigeria IPO
The Johannesburg Stock Exchange says it has engaged Dangote Group and hopes to bring the refinery listing to South Africa after its Nigerian IPO.
Billionaires.Africa ranks the 30 richest investors on the Johannesburg Stock Exchange in 2026
The JSE’s strong 12-month rally has boosted the paper wealth of founders and blockholders. Here are the richest JSE investors in 2026, ranked by listed stake value.
Nigerian-Lebanese tycoon Bassim Haidar’s Optasia targets $1.5 billion valuation in Johannesburg IPO
Optasia, led by Nigerian-Lebanese tycoon Bassim Haidar, plans a Johannesburg IPO targeting a $1.5 billion valuation.
Aspen’s market slide wipes $20 million off Stephen Saad’s stake
Stephen Saad’s Aspen Pharmacare stake drops by $20 million as the company’s stock slips 6 percent on the Johannesburg Stock Exchange (JSE).
Oando, led by oil mogul Wale Tinubu, distributes 679 million shares to investors
Oando, led by Wale Tinubu, issues 679 million bonus shares, rewarding investors with 8.3% amid Nigeria’s oil market challenges.
South African pharma tycoon Gus Attridge loses $12 million from Aspen stake
Gus Attridge’s Aspen Pharmacare stake drops over $12 million as shares slide 9.45%, pushing market value below $3 billion.
South Africa’s Ackerman family gains $14.3 million from Pick n Pay stake
Pick n Pay’s recent rally lifts Ackerman family’s stake above $185 million, reversing May losses.
South African billionaire Patrice Motsepe’s fortune jumps to $3.2 billion
According to Forbes estimates, his net worth rose from $3 billion in mid-March to $3.2 billion by late May.
South African billionaire Patrice Motsepe under pressure in $195 million lawsuit
The lawsuit threatens to derail ARC’s plans to delist and restructure, casting a shadow over the firm’s future.