South African billionaire GT Ferreira was refused a banking licence so he bought a bank
Gerrit Ferreira and two partners were refused a banking licence in 1977. Eight years later they took control of Johann Rupert's Rand Merchant Bank.
OUTsurance
South African exec Marthinus Visser pockets $1 million from OUTsurance in 2023
Visser saw a notable 43.68-percent increase in his 2023 compensation package compared to the R14.03 million ($0.74 million) he received in the previous fiscal year.