South African tycoon Christopher Seabrooke suffers $3.4-million loss from Sabvest stake
Despite the recent decline in Seabrooke’s stake in Sabvest Capital, he remains among the richest investors on the Johannesburg Stock Exchange.
South Africa
Africa’s first Black billionaire Patrice Motsepe suffers $1-billion wealth decline in 2023
Motsepe made history as Africa’s first Black billionaire in 2008 thanks to the remarkable success of his mining group.
South Africa’s second-richest man Nicky Oppenheimer gains $100 million in October
The recent $100-million surge in Oppenheimer’s wealth, has now pushed his year-to-date wealth gains to $925 million.
South African banker Harry Kellan earns $2.1-million salary from FirstRand in 2023
In addition to his executive and governance responsibilities at FirstRand, Kellan holds a beneficial 0.04-percent stake in the financial services giant.
South African businessman Barry Swartzberg suffers $20-million loss in 48 days
Swartzberg owns a 3.92-percent stake in Sandton-based financial services group, Discovery Limited.
South African-born tycoon Barry Stuhler takes $2.9-million hit from Lighthouse stake
Stuhler owns a 9.72-percent stake in Lighthouse Properties, or 172,699,222 ordinary shares.
South African banker Alan Pullinger suffers $1.8-million loss from FirstRand stake
Pullinger owns a minority stake of approximately 0.1 percent, or 5,634,679 ordinary shares in FirstRand.
Pick ‘n Pay, led by South African Ackerman family, revises half-year earnings forecast
South African billionaire Ackerman family owns 25.5 percent of Pick ‘n Pay.
South African tech tycoon Zak Calisto gains $87 million from Karooooo stake
Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company.
Patrice Motsepe and Johann Rupert unite to elevate Boland Rugby’s prospects
Motsepe and Rupert, the majority shareholders of the Pretoria-based Blue Bulls Company, recently acquired a 74-percent stake in Boland Rugby Union.
5 companies linked to South African businessman Nkululeko Sowazi
With his extensive knowledge and strong leadership, Sowazi has solidified his position as a prominent figure in the business world.
South African billionaire Christo Wiese sells Shoprite shares worth $49.4 million
Wiese, through Titan Fincap, a subsidiary controlled by his investment vehicle, Titan Premier Investments, sold 3.83 million ordinary shares in Shoprite.
South African tycoon Zak Calisto’s Karooooo abandons second-hand vehicles business
Karooooo, which Calisto controls, owns Carzuka, a leading digital marketplace for used vehicles.
South African billionaire Michiel Le Roux loses $55 million in just 4 days
Le Roux owns an 11.39-percent stake in Capitec Bank.
South Africa’s richest man Johann Rupert loses $3.7 billion in three months
Data from the Bloomberg Billionaires Index reveals that Rupert’s net worth slumped from $14.4 billion on July 16 to $10.7 billion.
South African-born billionaire Patrick Soon-Shiong gains $220 million
At the time of drafting this report, Soon-Shiong held the 257th position on the global list of the richest individuals.