South African financial services group, Absa Group, appoints Arrie Rautenbach as CEO
Rautenbach has been with Absa since 1997.
South African billionaire
South African billionaire Nicky Oppenheimer’s net worth surpasses $8.8 billion
Oppenheimer’s net worth has increased by 10.7 percent since the start of the year.
South African businessman Mfundo Nkuhlu receives salary of $1.9 million from Nedbank in 2021
Nkuhlu owns a beneficial 0.043-percent stake in Nedbank, valued at $3.29 million.
Johann Rupert’s net worth falls below $10 billion as Richemont shares tumble
The billionaire has lost more than $286 million in a single day.
South African billionaire Christo Wiese acquires new stake in Shoprite worth $25.8 million
The former chairman of the Johannesburg-based retailer purchased 20,000 single stock futures contracts.
South African billionaire Johann Rupert gains $400 million in five days
Rupert is the richest man in South Africa with a fortune worth more than $12.1 billion.
South African billionaire Patrice Motsepe’s ARC to acquire Crossfin fintech platform
The acquisition marks a landmark deal in the fintech industry that will see Crossfin secure the requisite capital to pursue the next phase of its growth.
Heineken loses over $4 billion in eight days after revealing plans to acquire Johann Rupert’s Distell
Distell is South Africa’s most expansive wine and spirits maker.
South African billionaire Nicky Oppenheimer gains $2.02 million from stake in IDH
One of the wealthiest men in Africa and the second richest man in South Africa, he holds a significant stake in IDH.
Prosus, led by South African billionaire Koos Bekker, reports $15.8 billion in profit in H1 2022
Prosus is the global Internet assets division of the South African multinational group, Naspers.
Johann Rupert’s Richemont in talks with Prada and Farfetch to launch online retail platform
Richemont recently disclosed that it is in talks to sell off a majority stake in the loss-making online retailer YNAP.