South Africa’s richest man Johann Rupert’s Remgro posts $1.3-billion half-year revenue
Ranked as Africa’s second-richest man and South Africa’s wealthiest individual, Rupert maintains significant control over Remgro Limited.
South Africa
Exxaro earnings fall below $600 million under South African executive Nombasa Tsengwa
Commenting on the financial results, Tsengwa expressed confidence in the company’s ability to create value despite the challenges faced during the fiscal year.
FirstRand shares plunge, costing South African businessman Johan Burger $1.47 million
Burger, a former CEO and non-executive director at FirstRand, holds a 0.11-percent stake equivalent to 6,000,000 ordinary shares in the financial services giant.
South African businessman Barry Swartzberg’s investment in Discovery drops by $12 million
Despite the recent setback in Swartzberg’s holdings, he retains his position as one of South Africa’s wealthiest businessmen
Sim Tshabalala projects Standard Bank’s sustainable financing to top $15.6 billion by 2026
With Tshabalala at the helm, Standard Bank continues to achieve significant milestones, connecting African markets with global economies while delivering strong returns to shareholders.
South African tycoon Jonathan Jawno gains $7.7 million from Transaction Capital stake
Jawno, a founding member of Transaction Capital, holds a 9.59-percent stake in the group, amounting to 72,667,000 ordinary shares.
Africa’s first Black billionaire Patrice Motsepe to receive $28.8 million from ARM
The $28.8-million interim dividend will be deposited into Patrice Motsepe’s bank account on Mon., April 8, 2024.
South African banker Alan Pullinger loses $3 million as FirstRand shares dip
While some banking executives are weathering the storm, Pullinger has seen millions of dollars shaved off his holdings.
Under South African business leader Sim Tshabalala, Standard Bank delivers $2.3-billion headline earnings
Under Tshabalala, the bank continues to reach significant milestones.
South African billionaire Ivan Glasenberg’s wealth surges by $510 million in 34 days
Despite recording substantial year-to-date losses totaling $687 million, Glasenberg’s recent ascent in wealth has been notable.
South African exec Anthony Thunstrom-led TFG to strengthen presence in South African sportswear market
TFG aims to solidify its position in the burgeoning sportswear segment amidst resilient consumer demand, despite the challenges posed by the COVID-19 pandemic.
South African billionaire Michiel Le Roux’s stake in Capitec hits $1.5 billion
The recent surge in the lender’s share price comes on the heels of its recent acquisition of a majority stake in Cyprus-based digital non-bank consumer lender, Avafin
South African tycoon Johann du Toit’s satellite tech firm secures $14.7-million investment
The funding, led by NewSpace Capital and Knife Capital, aims to enhance production capabilities as the company gears up for an expansion into Europe.
South African-born tycoon Barry Stuhler rakes in $3.79 million from Lighthouse stake
This $3.79-million gain further solidifies Stuhler’s position as one of the top investors on the JSE and one of the wealthiest businessmen in the country.
South African businessman Jannie Mouton gains $33 million from Capitec stake
This significant rise in Mouton’s stake reinforces his standing as one of the most affluent investors on the Johannesburg Stock Exchange
South African exec Arrie Rautenbach guides Absa Group to record $5.3-billion revenue in 2023
Absa Group, a Johannesburg-based diversified financial services provider led by South African banking executive Arrie Rautenbach, achieved a significant milestone in its…