South African multimillionaire Saltzman family suffers $22-million loss from Dis-Chem stake
The market value of the Saltzman family’s joint stake in Dis-Chem Pharmacies has declined from $487.7 million on Jan. 1 to $465.61 million.
South Africa
South African tycoon Jannie Mouton makes $43 million in 15 days from Capitec Bank
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen. He presently owns a 5.11-percent stake in the leading retail bank.
South Africa’s richest man Johann Rupert gains $800 million in single day
The recent increase in his wealth figures, driven by a sharp rise in Richemont’s share price, trimmed his year-to-date losses to $442 million.
TymeBank, backed by billionaire Patrice Motsepe, achieves first-ever profit milestone
Motsepe, the influential owner with a substantial stake in TymeBank, emphasized the bank’s appeal to a more affluent consumer market.
South African billionaire Christo Wiese faces $54.7-million loss from Shoprite stake
Wiese’s holdings in Shoprite amount to an 11.58-percent stake, valued at more than $920 million.
South African billionaire Patrice Motsepe-linked insurer eyes India for growth
India’s economy is growing nearly five times faster than South Africa’s.
South African executive Shameel Joosub earns $3.4-million salary from Vodacom
His compensation package includes a R16.64-million ($0.88 million) base salary, accompanied by a short-term incentive of R14.03 million ($0.74 million).
South African exec Paul Dunne earns $1.5-million salary from Northam in 2023
His compensation comprises a base salary of R11.23 million ($0.60 million) and augmented by a short-term incentive of R8.41 million ($0.45 million).
South African billionaire Ivan Glasenberg suffers $389-million loss in first weeks of 2024
Glasenberg’s wealth is derived from his 9.81-percent stake in Glencore, a Swiss multinational commodity trading and mining company.
Africa’s first Black billionaire Patrice Motsepe makes $100 million in first two weeks of 2024
Despite a 10-percent plunge in the market value of Motsepe’s 40-percent stake in ARM, the surge in his net worth is linked to the revaluation of private investments.
South Africa’s Ackerman family kicks off 2024 with $14.7-million loss in 11 days
The Ackerman family, known for their wealth and diverse investments, holds a significant 25.53-percent stake in Pick ‘n Pay, or 124,677,238 shares.
South African executive Bongiwe Ntuli pockets $1.6-million salary at TFG
Ntuli’s pay saw a significant 62.45-percent increase in 2023, compared to the prior year’s R18.16 million ($0.97 million).
Koos Bekker-led Naspers boosts South Africa investments ahead of Amazon’s entry
Naspers South Africa CEO Phuthi Mahanyele-Dabengwa affirmed the group’s commitment to fortify its businesses in anticipation of Amazon’s impending entry.
Filipino billionaire Enrique Razon’s South African port venture faces labor union opposition
With the recent uncertainty surrounding the labor unions’ demands, Razon has seen his net worth decline by $202 million this year.
Patrice Motsepe’s ARM faces setback as court refuses appeal on diesel rebates dispute
The court decision impacts the ARM-Glencore joint venture’s financial standing.
South African executive Anthony Thunstrom earns $3.4-million salary from TFG in 2023
Thunstrom’s compensation surged by an impressive 86.8 percent compared to the previous year, reaching R34.19 million ($1.83 million).