South African tycoon Jens Montanana loses $10 million within 47 days on Datatec investment
Montanana founded Datatec in 1986 and owns an impressive 11.98-percent share in the South African tech company.
South Africa
Glencore-led by South African exec. Gary Nagle to acquire Argentinian copper project in $475 million deal
South African business executive Gary Nagle’s 0.016 percent stake in Glencore is worth R248 million ($13.9 million)
South Africa’s second-richest man Nicky Oppenheimer nears $10-billion net worth, surpasses $1.3-billion YTD gains
The driving force behind Oppenheimer’s wealth gains lies in his private equity investments.
5 companies linked to South African billionaire banker Michiel Le Roux
As the holder of an 11.39-percent ownership stake in Capitec Bank, comprising 13,190,043 ordinary shares, Le Roux is among the continent’s richest individuals.
Richemont, led by Africa’s richest man Johann Rupert, acquires controlling stake in Italian shoemaker
Finalized in a private transaction, the deal marks a significant step for Richemont.
5 companies linked to South African mining tycoon Neal Froneman
As the CEO of Sibanye Stillwater, Froneman has cemented his position as a leading figure in the mining sector.
South African-born real estate tycoon Barry Stuhler takes $4-million hit as Lighthouse shares plummet
Stuhler, also known as the managing director of Capital Property Fund, owns 9.72 percent of Lighthouse Properties, amounting to 172,699,222 ordinary shares.
South Africa’s Ackerman family faces $22-million loss in just two weeks
The Ackerman family holds a substantial 25.53-percent stake in Pick ‘n Pay, or 124,677,238 issued shares.
Patrice Motsepe’s mining empire suffers $1.1-billion market value wipeout in 2023
The $1.1-billion market value wipeout also impacted Motsepe’s net worth, bringing it below $2.4 billion earlier this year.
Alan Pullinger, CEO of Africa’s largest bank, gains $3.8 million in 57 days
Pullinger owns a minority shareholding of approximately 0.1 percent in FirstRand.
Africa’s first Black billionaire Patrice Motsepe’s net worth rebounds with $200-million surge
Motsepe’s substantial stake of 89,092,411 ordinary shares in ARM constitutes most of his current $2.6-billion fortune.
Telkom to join forces with South African gov’t following Sipho Maseko’s multimillion-dollar bid
The recent developments come after Maseko, through his firm Afrifund Investments, made a bold bid to acquire a 35-percent stake in Telkom.
Africa’s richest man Johann Rupert’s Reinet posts $81-million net asset value plunge in Q1
Rupert holds a 24.9-percent stake in Reinet Investments, contributing to his status as Africa’s richest man.
Shoprite, linked to South African billionaire Christo Wiese, expects sales to surpass $12 billion
Wiese’s 11.63-percent stake in Shoprite is worth $952 million, cementing his position as one of the leading investors on the Johannesburg Stock Exchange.
South African executive Josua Malherbe’s Remgro stake nets him nearly $2 million
Malherbe’s role as a non-executive co-deputy chairman of Remgro has positioned him as one of the company’s top individual shareholders.
Pick ‘n Pay, led by South African Ackerman family, reveals $14.1 million in unclaimed cash-back rewards
The latest disclosure of unclaimed cash-back rewards underscores Pick ‘n Pay’s commitment to its loyal customers.