Christo Wiese-linked Steinhoff secures creditor approval for debt restructuring plan
Steinhoff’s ties with Wiese underscores the company’s significance.
South African billionaire
South African billionaire reclaims position as Africa’s third-richest man, overtaking Abdul Samad Rabiu
Oppenheimer has once again secured his position as Africa’s third-richest individual.
Shoprite shares slump costs South African billionaire Christo Wiese $159.7 million in net worth
Over the past 118 days, Wiese’s stake in Shoprite has suffered a significant decline.
Billionaire Patrice Motsepe’s Tyme Bank sets ambitious plans for Vietnam expansion
TymeBank is partly owned by Motsepe’s African Rainbow Capital Financial Services Holding.
South Africa’s second-richest man Nicky Oppenheimer adds $75 million to his fortune
Oppenheimer is an influential figure in the business world.
South African billionaire Laurie Dippenaar’s stake in FirstRand plunges by $37 million
Dippenaar faces a significant decline in the valuel of his FirstRand stake amid the continuing market downturn.
South African billionaire Michiel Le Roux bounces back with $200-million net worth surge
Le Roux stages remarkable comeback, reclaiming billionaire status with soaring net worth.
South African billionaire Johann Rupert insists Richemont is not for sale
Richemont recently published its latest full-year financial report, which shows a 21-percent growth in jewelry sales.
South Africa’s richest man Johann Rupert rakes in $286 million in just 24 hours
Rupert’s net worth rose by $286 million in a day due to Richemont’s share surge.
Africa’s first Black billionaire Patrice Motsepe loses $800 million
Motsepe’s net worth falls by $800 million as African Rainbow Minerals shares decline.
Johann Rupert’s Richemont smashes expectations with $4.25 billion in profit in 2023
Rupert said the company’s brands are well-positioned to meet strong demand driven by the resumption of travel by customers from China.
South African billionaire Koos Bekker’s net worth declines by $200 million in 96 days
Bekker has been an active businessman since 1985.
JPMorgan acquires additional stake in Christo Wiese-linked retailer, Shoprite
Wiese, a South African billionaire who played a key role in the growth of Shoprite, has an 11.63-percent stake in the group.
Piet Mouton’s stake in Capitec yields $10 million in dividends amid robust growth
Capitec Bank was founded more than 20 years ago by Michiel Le Roux, Riaan Stassen, and Piet Mouton’s father, Jannie Mouton.
South Africa’s richest man Johann Rupert takes a hit, loses $229 million in 24 hours
Despite the decline in his net worth, Rupert remains not only the second-richest man in Africa but also the richest man in South Africa.
Pick ‘n Pay, led by South African Ackerman family, registers $64 million in profit in 2023
The Ackerman family owns a sizable 25.53-percent stake in Pick ‘n Pay, or 124,677,238 issued shares.