Gerrie Fourie banks R155 million farewell after a decade leading Capitec
Former Capitec chief executive Gerrie Fourie banked a R155 million farewell package after a decade leading South Africa's largest bank by client base.
South Africa
Brenthurst Wealth founder Magnus Heystek says his offshore money won't return to South Africa
Magnus Heystek says none of his offshore investments will return to South Africa, warning that recent market gains mask weak fundamentals and long-term growth prospects.
Mining mogul Ben Magara steers Exxaro into $575 million manganese deal
Exxaro Resources, led by CEO Ben Magara, has completed a 575 million dollar deal to acquire premier manganese assets, securing a key role in the global transition to green energy and battery manufacturing
How Michiel Le Roux’s low-cost model is powering Capitec’s earnings surge
The South African billionaire’s long-held bet on simplicity, scale, and affordability is once again fueling stellar growth at Capitec Bank
Naspers flags R32bn in asset sales as CEO Bloisi shifts focus from big buys to sharper performance
Naspers plans to sell over R32bn in non core assets as CEO Fabricio Bloisi pauses major acquisitions and pushes profits across e commerce.
South African arms billionaire Ivor Ichikowitz targets Ukraine with new OWL armoured vehicle
Paramount founder Ivor Ichikowitz is pushing into Ukraine’s armoured vehicle market, touting the OWL and leaning on European partnerships.
South African-born billionaire Elon Musk becomes first person worth $800 billion
Elon Musk’s net worth surpasses $800 billion following SpaceX and xAI merger, making him the richest person in history and cementing SpaceX as his most valuable asset
South African billionaire Patrice Motsepe steers Rainbow Minerals’ Ferrous Division into new era with leadership change
Patrice Motsepe appoints Maryke Burger as CEO of African Rainbow Minerals’ ferrous division as the company pushes ahead with restructuring and efficiency reforms.
Elon Musk’s Starlink could soon reach South Africa
Starlink, Elon Musk’s satellite internet service, may soon expand to South Africa as the government eases foreign ownership rules.
Jonathan Oppenheimer calls for urgent red tape cuts in South Africa
Jonathan Oppenheimer urges South Africa to cut red tape and empower small businesses to drive growth.
South African tycoon Stephen Saad’s Aspen wins $29 million settlement
Stephen Saad’s Aspen wins $29 million settlement in mRNA production dispute, boosting investor confidence after a tough fiscal year.
South African mining tycoon Mike Teke sees strong long-term coal demand despite energy transition
Mike Teke of Seriti maintains coal demand won’t fade, leaning on efficiency, cost-plus deals, and exporting amid energy-transition pressures.
Sale of Noluthando Gosa-linked ArcelorMittal SA to IDC stalls over valuation
ArcelorMittal SA, linked to businesswoman Noluthando Gosa, risks closure of its long steel division and 3,500 jobs as IDC sale talks falter over valuation.
Capitec billionaire Michiel le Roux fuels DA with $1.4 million donation
Capitec founder Michiel le Roux, South Africa’s fifth-richest man, donated R25M to the DA, cementing his role as the party’s biggest backer.
6 South African billionaire heirs and how they’re shaping their own paths
They could simply guard old wealth, but these seven South African heirs are stepping into art, sport, and renewables to build legacies of their own.
South Africa’s Datatec CEO Jens Montanana lifts stake to $141.8 million
Datatec CEO Jens Montanana has lifted his stake to R2.5 billion ($141.8 million), signaling confidence in the South African ICT group.