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
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.
Mike Teke backs $1.1 million education program for vulnerable children in South Africa
Mike Teke’s Seriti Trust invests $1.1 million in early learning centers, boosting education access and skills for vulnerable children in mining regions.
South African billionaire Koos Bekker-led Prosus plans stake sales to raise $2 billion
Prosus targets $2 billion from asset sales as CEO Fabricio Bloisi sharpens focus on e-commerce and lifestyle platforms.
South Africa’s richest man Johann Rupert loses $1.8 billion in recent weeks
Johann Rupert’s net worth falls $1.8 billion as Richemont shares drop, despite strong luxury jewelry sales and $8.6 billion cash reserves.
South African banker Sim Tshabalala to end 14-year run as Standard Bank CEO in 2027
The announcement comes even as the Johannesburg-based bank raised its executive retirement age from 60 to 63 in line with global corporate trends.
Five new African billionaires have emerged so far in 2025
Five new billionaires join Africa’s top ranks in 2025, led by gains in real estate, banking, and tech sectors.
South African businessman Christopher Seabrooke’s Sabvest stake falls below $100 million
Christopher Seabrooke’s Sabvest stake slips to $84 million as shares fall 14.55 percent since mid-June.
South African executive Gary Nagle-led Glencore posts $117 billion half-year revenue
Glencore, led by Gary Nagle, held H1 2025 revenue steady at $117.4 billion despite weaker coal prices and lower copper output.
South African billionaire Zak Calisto’s Karooooo to pay $38.6 million dividend to shareholders
Karooooo, led by Zak Calisto, approves $38.6 million dividend as revenue surges, fueled by Cartrack subscriptions and logistics growth in early FY 2026.
South African executive Gerrie Fourie bags $8.2 million farewell payout from Capitec
Capitec’s longtime CEO Gerrie Fourie exits with $8.2 million payout after growing the bank into a $22.42 billion retail leader.
South Africa to sell homes of Indian-born Gupta brothers amid corruption fallout
Gupta mansions tied to state capture go to auction in Saxonwold, marking a symbolic step in South Africa’s anti-corruption journey.
French billionaire’s firm wins final approval in DStv owner MultiChoice takeover
Canal+, owned by French billionaire Vincent Bollore, has won final approval to fully acquire MultiChoice in a $2.9 billion media takeover.
Accelerate Property Fund, partly owned by Michael Georgiou, launches $5.57 million rights offer
Accelerate Property Fund launches $5.57 million rights offer as it seeks to stabilize finances and renegotiate Fourways Mall deal.
Cobus Stofberg: The South African businessman with $114 million stake in media giant Naspers
Cobus Stofberg’s $114 million stake in Naspers highlights his role in building Africa’s top media and tech companies.
Laurence Rapp leads Vukile to $181 million profit in 2025
The strong result was driven by solid performance in its South African retail business and continued expansion in Spain and Portugal.