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.
South Africa
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.
South African tycoon Stephen Brookes suffers $5-million loss from Balwin stake
Brookes owns a 36.08-percent stake in Balwin Properties.
South African tycoon Neal Froneman takes $6.7-million hit as Sibanye-Stillwater shares tumble
Froneman owns a 0.3-percent stake, or 8,382,849 ordinary shares, in the precious metal mining group.
South African tycoon Paul Hanratty rakes in over $3 million as Sanlam shares skyrocket
As one of South Africa’s most affluent executives, Hanratty’s stake in Sanlam has surged by more than $3 million in just 52 days.
5 companies owned by South African billionaire Koos Bekker
Bekker ranks as one of Africa’s richest billionaires.
South African billionaire Patrice Motsepe’s ARC acquires minority stake in GoSolr, boosting solar energy push
With this latest acquisition, ARC reinforces its commitment to building a greener future.
South African furniture tycoon Eric Ellerine suffers $2.9-million loss in Sabvest Capital stake
Ellerine remains one of the wealthiest investors on the Johannesburg Stock Exchange and a prominent businessman in the country.
South African tycoon Michiel Le Roux rakes in another $91 million from Capitec Bank stake
This followed a recent surge in his stake from May 31 to June 26, during which he witnessed a substantial increase of $120 million.
Adidas claims Kanye West squandered $75 million intended for Yeezy collection marketing
Adidas claims that $75 million was transferred to two of Yeezy and West’s bank accounts, but both parties “mishandled virtually all of the marketing funds.”