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.
South Africa
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).
6 companies linked to South African businessman Whitey Basson
From transforming Shoprite into a retail giant to reshaping the grocery market, Basson’s enduring impact reverberates across various sectors.
South African executive Pieter van der Westhuizen earns nearly $1-million salary in 2023
As the group’s CFO since Sept. 2013, Westhuizen’s remuneration marks an 18.4 percent increase from the R12.3 million ($0.66 million) package he received in the prior year.
5 companies linked to Siza Mzimela, the first Black woman to start an airline
From her historic role as CEO of South African Airways to founding Fly Blue Crane and leading transformative ventures.
South African-born billionaire Patrick Soon-Shiong loses $520 million in first week of 2024
Soon-Shiong’s net worth plunged by $520 million in the first week of 2023 declining from $10.5 billion on Jan. 1 to $9.98 billion.
South African executive Peter Mountford pockets $1.2-million salary in 2023
Mountford’s compensation package demonstrates a remarkable increase from the previous year’s total of $0.96 million.
7 companies owned by South African real estate tycoon Stephen Brookes
From affordable housing to energy solutions, delve into Brookes’ multi-millionaire league status and his commitment to community empowerment and philanthropy.
South African exec Reeza Isaacs earns $1.9-million salary at Woolworths in 2023
The compensation package underscores Isaacs’ indispensable commitment and prowess as a seasoned executive in the global retail industry.
South African billionaire Michiel Le Roux gains $104.5 million in 2023
Since its inception, Le Roux has played a pivotal role in shaping the landscape of the financial services industry throughout Africa.
7 companies linked to South African businesswoman Phuthi Mahanyele-Dabengwa
Taking the reins at Naspers South Africa in 2019, Mahanyele-Dabengwa, the first Black and female CEO, spearheaded the digital transformation strategy.
South African billionaire Koos Bekker records $300-million wealth loss in 2023
Navigating headwinds: Bekker’s Prosus N.V. stake takes a hit amid industry disruptions.
4 companies linked to South African tycoon Kennedy Bungane
From leading multimillion-dollar deals to steering diverse companies, Bungane’s strategic brilliance leaves an indelible mark on banking, energy, and investments.
South African executive Eric Smuts earns $1-million salary from Nampak in 2023
Smuts — who stepped down as CEO of Nampak on April 20, 2023 — received a compensation package comprising a base salary of R4.73 million ($0.256 million)