South African billionaire Stephen Saad’s Aspen to boost global supply of obesity medication
Aspen, Africa’s largest drugmaker, is actively exploring ways to ramp up the availability of these in-demand treatments worldwide.
South Africa
South African-born billionaire Patrick Soon-Shiong loses $800 million in 13 days
The decline marks a continuation of the previous trend for Soon-Shiong, who previously saw his net worth decrease by $400 million earlier this month, between March 25 and April 3.
South African tycoon Gerrie Fourie loses $11.9 million from stake in Capitec Bank
Fourie holds a 0.89-percent stake in the leading retail bank, equivalent to 1,027,673 ordinary shares.
South African billionaire Christo Wiese takes $66.3-million hit on Shoprite stake
Despite this setback, Wiese remains a prominent figure among JSE investors and retains his position as one of Africa’s wealthiest businessmen.
South African tycoon Saki Macozoma-linked Mondi drops $6.2-billion bid for UK firm
Mondi Plc has announced its withdrawal from the £5-billion ($6.2 billion) bid to acquire DS Smith, a UK-based paper, packaging, and recycling group.
South African media tycoon Terrence Moolman loses $7.6 million from Caxton stake
Moolman’s stake in Caxton & CTP Publishers has seen a decline of $7.66 million over the last 72 days, signaling waning investor interest in Caxton on the JSE.
South African-British billionaire Clive Calder’s net worth takes $320-million hit
Calder’s wealth has decreased by $320 million since April 2. This equates to an average daily loss of $20 million over the specified period.
South African exec Anthony Leeming-led Sun Int’l finalizes $14.4-million exit from Nigeria
With Leeming at the helm, the leading hospitality and leisure group will sell a 43.3-percent equity stake in TCN, which operates the Federal Palace Hotel in Lagos.
South African billionaire Koos Bekker’s Prosus backs Sydney startup in $33-million raise
Prosus, a global consumer internet group founded in 1997 under South African billionaire Koos Bekker’s leadership, has become one of the world’s largest technology investors.
South African tycoon Gus Attridge gains $7.95 million from Aspen shares
The latest bump in his fortune comes on the heels of previous gains between Feb. 12 and March 24, when his stake in Aspen grew by R447.12 million ($25.12 million).
South African exec Shameel Joosub-led Vodacom concludes $26.7 million acquisition of Smile Communication
In a public announcement, Vodacom Tanzania emphasized the strategic significance of the acquisition in enhancing its network infrastructure and delivering superior services to its customers.
FirstRand shares slump costs South African tycoon Laurie Dippenaar $10.3 million
Dippenaar maintains his position as one of South Africa’s leading investors and one of the most affluent business executives across the African continent.
South Africa’s richest person Johann Rupert’s net worth soars $200 million in a day
After a challenging period, South Africa’s richest person Johann Rupert has seen his net worth rebound by $200 million in the past…
South African tycoon Adrian Gore’s Discovery stake slumps by nearly $40 million
Despite the recent plunge, Gore remains a prominent figure on the JSE and one of South Africa’s wealthiest businessmen.
South African tycoon Jens Montanana loses $5 million from Datatec stake
Montanana’s substantial shareholding continues to cement his status as one of the wealthiest investors on the JSE.
Africa’s first Black billionaire Patrice Motsepe’s fortune rebounds by $200 million
The surge in Motsepe’s fortune is linked to the performance of his 45.9-percent stake in African Rainbow Minerals (ARM).