South African billionaire Koos Bekker’s net worth dips by $100 million
Despite these setbacks, Bekker remains one of the most affluent billionaires in Africa, boasting a net worth of $2.4 billion.
South Africa
Ralph Mupita-led MTN Group to sell stake in $5.2-billion fintech unit to Mastercard
Under the leadership of Zimbabwean executive Ralph Mupita, MTN Group has solidified its position as Africa’s largest telecom services provider.
Net worth of Africa’s top billionaires Johann Rupert and Aliko Dangote plunges below $11 billion
The rivalry between Dangote and Rupert has become fierce, with the wealth gap shrinking from $1.2 billion in mid-June to a mere $100 million.
Mfundo Nkuhlu: Visionary South African executive with $4-million stake in Nedbank
What truly sets Nkuhlu apart is his keen acumen for business in emerging economies, corporate governance, and stakeholder management.
Alan Pullinger, CEO of Africa’s most valuable bank, gains $1.69 million in 17 days
Pullinger owns a minority stake of 0.1 percent in FirstRand, or 5,634,679 ordinary shares in the leading lender.
Mark Shuttleworth: 49-year-old tech tycoon who is the first South African in space
Shuttleworth’s entrepreneurial journey began in 1995 with the inception of Thawte Consulting.
5 South African tech tycoons you should know
South Africa’s tech ecosystem has witnessed a paradigm shift thanks to a league of pioneering tech entrepreneurs and visionaries
South African banker Gerrie Fourie gains nearly $24 million in 72 days
Fourie, who is the retail bank’s CEO, possesses a notable 0.89-percent stake in the bank, or 1,027,673 ordinary shares.
5 richest bankers in South Africa
In the tapestry of South Africa’s economic success, these five individuals are beacons of ingenuity and expertise.
5 wealthy supermarket and retail chain owners in Africa
Their prowess has not only caught the attention of Western retailers seeking new avenues for growth but has also steered the course of Africa’s retail evolution.
Sim Tshabalala: South African banker with $5.2 million in Standard Bank shares
Tshabalala is more than a banker; he is a visionary whose life journey encapsulates the spirit of possibility.
South African billionaire Ivan Glasenberg’s fortune slumps by $490 million
Glasenberg presently occupies the 275th spot on the list of the world’s wealthiest individuals, according to the Bloomberg Billionaires Index.
Glencore, led by South African exec Gary Nagle, unveils $1.2-billion share buyback
Under the leadership of CEO Gary Nagle, who holds a 0.016-percent stake in the Swiss mining giant, the purchased shares will be retained in the treasury.
Zimbabwean tycoon John Moxon faces $130-million loss in 55 days
Moxon owns a 10.8-percent stake in Meikles, or 27,933,226 shares.
Billionaire Michael Lee-Chin-linked fund faces stunning $7-million loss
Lee-Chin is the founder of Portland Private Equity, the private equity fund company in charge of Portland JSX Limited.
Africa’s first Black billionaire Patrice Motsepe hit by $200-million loss
The decline in Motsepe’s net worth can be attributed to the downturn in the market value of his 39.7-percent stake in African Rainbow Minerals.