South African tycoon Michiel Le Roux gains $70.1 million from Capitec Bank
Le Roux presently owns an 11.39-percent stake in Capitec Bank. This stake makes him one of the richest men on the continent.
South Africa
Africa’s first Black billionaire Patrice Motsepe rides high as net worth hits $2.5 billion
Now holding the 1,264th spot globally, Motsepe’s wealth is primarily sourced from a fortune built in the mining industry.
South African exec Sam Ngumeni earns $5.3-million salary from Woolworths in 2023
Woolworths rewards Ngumeni’s pivotal role with an impressive increase, mirroring the company’s stellar financial year.
South African tycoon Gus Attridge gains nearly $8 million in 16 days
Attridge, Aspen’s group chief advisor who ranks as one of JSE’s richest investors, owns a 4.26-percent stake in the pharma group.
7 companies owned by South African businessman John Copelyn
Discover his pivotal role in companies like Montauk, HCI, Southern Sun, and more.
South African tycoon Pieter Boone receives $1.3-million salary from Pick ‘n Pay in 2023
During his tenure, Pick ‘n Pay achieved remarkable milestones, with gross profit rising from R18.40 billion ($1 billion) in 2022 to R20.94 billion ($1.14 billion) in 2023.
South Africa’s richest man Johann Rupert gains $1.1 billion in 13 days
Rupert’s net worth, now standing at $12.6 billion, reflects an increase from $11.5 billion nearly two weeks ago.
6 companies owned by South African businessman Gareth Ackerman
Beyond leading one of Africa’s retail giants, Ackerman’s investments make him one of South Africa’s wealthiest business leaders.
Leeming-led group seals $400-million deal to acquire Emperors Palace owner
To fund this strategic acquisition, Sun International is opting for a strategic infusion of new debt.
South African accountant Terence Nombembe assumes director role at Nedbank
Nombembe’s appointment comes at a pivotal juncture for the South African banking sector, grappling with challenges posed by rising inflation and economic uncertainty.
6 companies owned by South African real estate tycoon Steven Herring
With decades of experience and a portfolio exceeding $160 million, Herring ranks as one of the leading figures on the African business scene.
This Week In Review: A Snapshot of African Wealth Dynamics — Fortune of Swazi Legend Natie Kirsh On The Rise (Dec. 11 to 15)
A concise look at the most significant events in African wealth dynamics over the past week.
7 companies owned by South African tycoon Giovanni Ravazzotti
Ravazzotti’s journey, marked by resilience and foresight, shaped the success of Italtile, listed on the Johannesburg Stock Exchange since 1992.
Neal Froneman-led Sibanye commits $4.6 million to empower Rustenburg communities
Froneman expressed that the $4.6-million investment will be directed to address the needs and challenges faced by communities surrounding the Rustenburg operation.
South African billionaire Christo Wiese makes $122 million from Shoprite shares
Wiese owns an 11.5-percent stake in the leading supermarket chain, or 68,083,200 ordinary shares.
5 companies owned by one of South Africa’s wealthiest women, Wendy Appelbaum
Appelbaum, a stalwart in South African business and philanthropy, is not only one of the country’s wealthiest women but a catalyst for positive change.