Markus Jooste's estate goes into sequestration with a R475 million fine still unpaid
A court has placed Markus Jooste's estate in provisional sequestration, two years after the Steinhoff CEO died owing a R475 million fine.
South Africa
South African billionaire Johann Rupert is funding title deeds for poor households
Johann Rupert has donated to and recapitalised Khaya Lam, which has transferred more than 21,000 title deeds to poor South African households.
Jens Montanana's Datatec makes fourth acquisition of the year with New Mexico deal
Datatec's Logicalis USA has acquired Loial, a New Mexico cybersecurity provider, in the group's fourth acquisition since January. No price was disclosed.
Billionaire Patrice Motsepe's ARM bets $912 million on platinum, reopening the mine it shut
Patrice Motsepe's African Rainbow Minerals will spend $912 million redeveloping the Bokoni platinum mine it closed last year, betting on a supply shortage.
Billionaire Patrice Motsepe rules out South African presidency and FIFA bid in double denial
Billionaire Patrice Motsepe has ruled out running for South Africa's presidency, and separately rejected any interest in leading FIFA after Gianni Infantino.
Founding family's grip on Dis-Chem loosens as Ivan Saltzman's son quits the board
Saul Saltzman, son of Dis-Chem's billionaire founder Ivan Saltzman, has resigned from the board, loosening the founding family's grip on the retailer.
Billionaire Patrice Motsepe backed to succeed Infantino as FIFA president
South Africa's sports minister has publicly backed billionaire Patrice Motsepe to succeed Gianni Infantino as FIFA president whenever the Swiss administrator steps down.
Daughter of South African-born billionaire Kerr Neilson sells Sydney warehouse for $8.5 million
Beau Neilson, daughter of South African-born billionaire Kerr Neilson, has sold her Sydney warehouse for about $8.5 million, four times what she paid in 2012.