Pick ‘n Pay, led by South African Ackerman family, bolsters fresh meat selection through Tomis Group acquisition
The deal will enable Pick ‘n Pay to expand its operations and bolster its earnings and revenue.
South Africa
Scandal-plagued South African billionaire Markus Jooste faces arrest as German court takes action
This comes weeks after Jooste failed to appear in court, marking his first criminal charge since the collapse of Steinhoff.
South African billionaire Christo Wiese’s stake in Shoprite jumps $67 million in 16 days
Wiese owns 11.63 percent of Shoprite Holdings, Africa’s largest retailer.
Patrice Motsepe-linked SIH combines with Absa to create one of South Africa’s largest asset managers
SIH is Sanlam’s third-party asset management company.
South African billionaire Koos Bekker gains $175 million in one month
Bekker owns a 0.86-percent stake in Amsterdam-based investment group, Prosus NV.
Five most popular hotels for ultra-wealthy individuals in Africa
South Africa remains the top luxury tourist destination in Africa.
South Africa’s richest man Johann Rupert gains $1.4 billion as net worth surpass $10 billion
Rupert still ranks among those African billionaires who have lost a significant portion of their wealth since the start of the year.
South African pharma billionaire Stephen Saad’s Aspen closes $1.26-billion credit facility
Aspen Pharmacare Holdings Limited is a South African multinational pharmaceutical holding company.
South African businessman Jens Montanana’s Datatec posts lower earnings in H1 2023
Montanana owns a significant 11.98-percent stake in the Johannesburg-based group.
Nigerian-Lebanese tycoon Bassim Haidar plans to launch BNPL e-commerce product in South Africa
The product will provide e-commerce suppliers with a cost guarantee.
South African billionaire Koos Bekker loses half a billion dollars on his Naspers stake
Bekker is still one of Africa’s wealthiest men, with a net worth of more than $2.2 billion.
South African billionaire Patrick Soon-Shiong loses nearly $1 billion since start of 2022
Soon-Shiong holds $7.03 billion of his $8.99-billion fortune in cash.
Nicky Oppenheimer unseats Johann Rupert to become South Africa’s wealthiest billionaire
Oppenheimer’s net worth is estimated to be $8.55 billion as of press time.
Patrice Motsepe beats out Strive Masiyiwa, reclaims title as Southern Africa’s richest Black businessman
Motsepe’s net worth has risen to $3.1 billion so far this year.
Christo Wiese-linked retailer Steinhoff says investors will wait until 2023 to receive $1.62-billion settlement
In 2017, Wiese was Steinhoff’s largest shareholder.
Phuthuma Nhleko’s investment firm looks to sell stake in $3 billion Engen
The sale would generate millions of dollars’ worth of value for Phembani and other entities.