South African billionaire Christo Wiese’s Premier Group plans $66 million in capex over next two years
Premier Group is a prominent South African fast-moving consumer goods (FMCG) conglomerate partly owned by billionaire tycoon Christo Wiese.
South Africa
South Africa’s richest man Johann Rupert makes $700 million in 24 hours
The sudden boost in his wealth is attributed to the recent pullback in the share price of Richemont, a leading luxury goods group where Rupert holds a substantial stake.
Glencore-led by South African exec Gary Nagle to acquire stake in coal business in $6.9-billion deal
Expressing satisfaction with the acquisition, Glencore CEO Gary Nagle highlighted the complementarity of Elk Valley’s assets with Glencore’s existing coal production.
South African tycoon Christopher Seabrooke loses nearly $3 million from Sabvest stake
Seabrooke, who has played a vital role in Sabvest Capital’s growth, holds a 40.61-percent stake in the investment holding company.
South African billionaire Michiel Le Roux suffers $100-million loss in 24 days
This significant plunge has caused his net worth to slump from $1.2 billion on Oct. 21 to $1.1 billion at the time of this report.
South African billionaire Stephen Saad suffers $28-million loss in 10 days
South African billionaire and pharmaceutical tycoon, Stephen Saad’s stake in Durban-based pharmaceutical company Aspen Pharmacare Holdings has declined by more than $28…
South African tycoon Sipho Nkosi steps down from Sasol
Nkosi, a stalwart in South Africa’s business arena, has left an indelible mark on the corporate landscape, having held pivotal roles on the boards of companies.
South African billionaire Johann Rupert’s Richemont posts $2.3-billion half-year profit
Richemont led by Rupert and celebrated for its premium brands posted a modest three-percent increase in profit.
South African banker Alan Pullinger gains $1 million from FirstRand stake
Pullinger, a leading business executive in South Africa holds a minority stake of approximately 0.1 percent in FirstRand.
Sappi names South African business mogul Nkululeko Sowazi as new chair
South African tycoon Nkululeko Sowazi, a multifaceted leader with a storied business portfolio, primed to navigate Sappi’s strategic revival.
5 richest retail tycoons in South Africa
The transformation of South Africa’s retail landscape owes its momentum to billionaire proprietors and executives who have ascended to unprecedented heights.
Patrice Motsepe retains top spot as South Africa’s wealthiest investor on JSE
The recent list highlights that Motsepe’s equity portfolio on the JSE is presently estimated at $1.58 billion.
30 richest South Africans on the JSE
Africa’s first Black billionaire, Patrice Motsepe, retains top spot as the richest investor on the Johannesburg Stock Exchange
South African billionaire Adrian Gore calls for private sector role in NHI for better healthcare
In a forthright address delivered during PSG Wealth’s Think Big webinar, Adrian Gore, the founder and CEO of Discovery Limited, emphasized the…
South Africa’s richest man Johann Rupert gains $900 million in 8 days
With this latest increase in his net worth, Johann Rupert has solidified his status as South Africa’s richest individual
South Africa’s Ackerman family loses $218 million from Pick ‘n Pay shares
For the Ackerman family, this financial loss equates to a year-to-date decline of R3.96 billion ($218.18 million) in the market value of their Pick ‘n Pay stake.