Johann Rupert's Reinet walks away from major deal and restarts $585 million buyback
Johann Rupert's Reinet has walked away from a major investment it spent months assessing, restarting a $585 million buyback of its own shares instead.
South African billionaire
South African billionaire Koos Bekker opens $14,000-a-night lodge in second English village
The Newt, owned by South African billionaire Koos Bekker, has opened a 16-bedroom private estate in Somerset costing from $14,100 a night.
South African billionaire Michiel Le Roux donated $3.5 million to the DA in 12 months
IEC data shows Michiel Le Roux donated R58 million ($3.57 million) to the DA in 12 months, the biggest individual political donation in South African history.
South African billionaire Koos Bekker built a £1,000-a-night nature paradise in Somerset. Now it is under fire for using weedkiller
Koos Bekker's luxury Somerset eco-resort charges up to £1,000 a night and markets itself on its gardens and nature ethos. Critics say it is using weedkiller on its grounds.
Billionaire Patrice Motsepe's GoTyme Bank eyes $15 billion listing as customer count surpasses 21 million
Patrice Motsepe's GoTyme Bank is eyeing a $15 billion stock market listing as it crosses 21 million customers across South Africa and the Philippines.
Patrice Motsepe's foundation hands $1 million to the Cameroon startup turning trash into industrial gold
BleagLee, a Cameroonian startup converting plastic and e-waste into high-value materials using AI, has taken the $1 million Milken-Motsepe grand prize.
South African billionaire Michiel Le Roux's Capitec posts $1 billion profit as client base crosses 26 million for first time
Michiel Le Roux's Capitec Bank has posted $1.02 billion in full-year profit, a 23% rise, as its active client base surpassed 26 million for the first time.
61-year old South African businessman Adrian Gore ran the Boston Marathon and wrote a new book while leading Discovery
Discovery co-founder and CEO Adrian Gore ran the Boston Marathon in 3:31:16 at age 61 and finished writing his upcoming book The Four Principles.
Johann Rupert's Remgro trades at a R38 billion discount and investors are growing impatient
Johann Rupert's Remgro is trading at a nearly 46% discount to its intrinsic net asset value, a R38 billion gap that investors want closed.
South African billionaire Koos Bekker pays tribute to Steve Pacak, Naspers' finance architect of nearly four decades
Steve Pacak, the former M-Net finance boss who served Naspers and Prosus for nearly four decades, has died at 71 after a battle with cancer.
Johann Rupert's Richemont converts €100 million debt to equity to prop up Belgian handbag maker Delvaux
Johann Rupert's Richemont has converted €100.6 million of debt into equity at Delvaux, the world's oldest luxury leather goods house, as the Belgian brand's Asian revenue slump drives accumulated losses toward €80 million.
Billionaire Zak Calisto's Karooooo crosses two million subscribers in South Africa with Cartrack
Cartrack has crossed two million active subscribers in South Africa, a milestone for billionaire Zak Calisto's global tracking giant.
Tech billionaire Zak Calisto moves into insurance with planned stake in King Price
Competition regulators recommended approval of a deal tied to billionaire Zak Calisto to acquire a stake in King Price, the fast growing insurer.
Billionaire Patrice Motsepe emerges in ANC succession talk after ARM shift and new polling
Patrice Motsepe’s move at ARM is feeding fresh ANC succession talk, with polling putting the billionaire ahead of party heavyweights.
Patrice Motsepe steps back from executive chair role at ARM as JSE rules tighten
ARM founder Patrice Motsepe has given up executive duties and will serve as non executive chair as the miner reshapes leadership.
Billionaire-backed Curro moves to fully take over Meridian schools platform
Curro, backed by Jannie Mouton’s foundation, has been cleared to acquire Meridian linked entities, tightening control of its cost conscious school brand.