Patrice Motsepe’s ARM faces $1.6 billion market cap wipeout as challenges mount
Patrice Motsepe’s wealth takes a significant $1 billion hit due to the sustained downturn in the market value of his 40.37-percent stake in ARM.
South Africa
South African billionaire Jannie Mouton faces $43-million loss from Capitec stake
South African billionaire Jannie Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
4,095 South African jobs at risk as Neal Froneman-led Sibanye unveils restructuring plan
Sibanye-Stillwater has grown into a leader in the mining industry under the leadership of South African businessman Neal Froneman.
South African tycoon Jonathan Jawno rakes in $2.6 million in 26 days
South African businessman Jonathan Jawno’s stake in Transaction Capital is now worth $18.6 million.
South African exec Bill Blackie’s salary at Standard Bank amounts to $2.1 million
Blackie has been leading Standard Bank’s business and commercial banking unit since 2022.
South African billionaire Saltzman family loses $22 million in 13 days
South African billionaire Saltzman family presently owns a beneficial 35.12-percent stake in Dis-Chem Pharmacies.
South African billionaire Johann Rupert’s Richemont receives clearance for YNAP-Farfetch partnership
Rupert, who serves as Richemont’s chairman, holds a substantial interest in the company through Compagnie Financiere Rupert.
South African businesswoman Noluthando Gosa suffers $1 million loss in 32 days
Gosa is a long-standing leader of esteemed institutions and a non-executive independent director at ArcelorMittal South Africa.
South African-born billionaire Patrick Soon-Shiong loses $200 million in 8 days
Despite this recent setback, Soon-Shiong still retains his status as one of Africa’s leading billionaires.
South African billionaire Adrian Gore sees pay dip amid unmet goals
The reduction came despite company’s robust performance because Gore failed to achieve his personal performance benchmarks.
South African exec Thando Mkatshana earns $1.8-million salary from ARM
Mkatshana’s name resonates through the corridors of ARM, a diversified mining and mineral company founded by South African billionaire Patrice Motsepe in 1997.
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.
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.