Patrice Motsepe-linked TymeBank finalizes $86.8-million acquisition of Retail Capital
ARC Financial Services Holding, a company founded by Motsepe, owns a stake in TymeBank.
South African billionaire
South African billionaire Johann Rupert’s net worth nears $11 billion
Rupert’s net worth has risen from $8.5 billion on Nov. 3 to $10.8 billion at the time of writing.
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 Nicky Oppenheimer now richer than Fox News’ Rupert Murdoch
Oppenheimer derives his fortune from private equity investments.
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.
South African billionaire Johann Rupert sees net worth rise by $1.76 billion in November
Rupert’s equity stake in Richemont accounts for the majority of his $10.3-billion fortune.
South African billionaire Christo Wiese-linked Pepkor posts $353 million in profit in 2022
In 2014, Wiese sold Pepkor to Steinhoff International in exchange for 20 percent of Steinhoff’s issued shares.
South African-born billionaire Patrick Soon-Shiong’s net worth gains $370 million in 51 days
The recent increase reduced his year-to-date wealth loss to $875 million.
South African billionaire Patrice Motsepe gains $270 million in 53 days from stake in ARM
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining company, owns 39.7 percent of the company.
South African billionaire Nicky Oppenheimer’s net worth increases by $225 million in 2022
The majority of Oppenheimer’s billion-dollar fortune stems from his private equity investments.
South African billionaire Christo Wiese-linked Premier reveals plans to list on JSE
Premier Group operates under the banner of Brait SE.
South African billionaire Christo Wiese-linked Shoprite posts strong sales in Q1 2023
Wiese owns 11.58 percent of the company, valued at over $860 million.
Johann Rupert’s Richemont posts record earnings, with profit exceeding $2.1 billion
The group’s financial performance in the first half of 2023 builds on previous results.
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.
Fourteen of Africa’s 18 billionaires too poor to make Forbes 400 list
It now takes $6 billion to make the Forbes 400 richest list.
South African tycoon Laurie Dippenaar gains $48 million in 27 days from stake in FirstRand
Dippenaar holds a 1.76-percent stake in FirstRand.