Gemfields, linked to South African billionaire Desmond Sacco, sells Fabergé for $50 million
Gemfields is selling luxury jeweler Fabergé to SMG Capital for $50 million, refocusing on core mining operations in Mozambique and Zambia.
South African billionaire
Bridgette Radebe, South Africa’s first Black mining tycoon, disputes $10 billion money laundering claim
Botswana’s High Court has cleared mining tycoon Bridgette Radebe of $10 billion laundering claims, ordering a government apology for false allegations.
South African billionaire Zak Calisto to pocket $22 million in Karooooo dividends
Karooooo’s latest dividend will hand its billionaire founder a pre-tax windfall of more than $22-million.
Capitec stock falls, South African billionaire Michiel Le Roux loses $70 million
Michiel Le Roux loses $70 million as Capitec Bank stock falls, but his $2.5 billion stake still signals long-term strength.
Shoprite, backed by South African billionaire Christo Wiese, posts $14.6 billion in annual sales
Shoprite’s annual sales rose to $14.6 billion, led by South African supermarket growth, digital expansion, and structural shifts across its portfolio.
South African billionaire Rob Hersov’s podcast remarks spark race-relations backlash
South African businessman Rob Hersov's podcast comments about race and history have reignited debate over inflammatory rhetoric and its impact on public discourse.
South African billionaire Christo Wiese-backed Pepkor sees $226 million stake sold
The disposal, confirmed by Pepkor in a shareholder notice on Aug. 4, reflects a swift strategic retreat from its initial 8.51 percent holding.
South African billionaire Patrice Motsepe’s net worth falls by $200 million over 17 days
Patrice Motsepe’s net worth drops by $200 million in 17 days as African Rainbow Minerals battles profit declines and market pressure.
South African billionaire Jannie Mouton gains $52 million from Capitec stake
Capitec Bank's stock rally boosts Mouton's fortune, reinforces bank’s status as Africa’s leading retail bank.
South African billionaire Zak Calisto’s Karooooo to pay $38.6 million dividend to shareholders
Karooooo, led by Zak Calisto, approves $38.6 million dividend as revenue surges, fueled by Cartrack subscriptions and logistics growth in early FY 2026.
Prosus, led by South African billionaire Koos Bekker, extends $4.73 billion Just Eat offer to October
Prosus extends $4.73 billion Just Eat Takeaway offer to October 2025, aligning with EU review, eyes $12.5 billion revenue by 2028.
Christo Wiese-backed Pepkor draws $470 million investment from US-based hedge fund
Silverpoint Capital’s $470 million stake in Christo Wiese-backed Pepkor signals global investor confidence, following PIC’s deeper $874 million commitment.
South African billionaire Patrice Motsepe loses $100 million as ARM plans to cut jobs
Patrice Motsepe’s wealth drops by $100 million as African Rainbow Minerals cuts jobs, faces legal heat, and battles falling mining profits.
PIC boosts stake in South African billionaire Christo Wiese-backed Pepkor to $870 million
PIC raises its stake in Pepkor to 15.46% with $31 million purchase, deepening its $874 million position as Ibex exits Christo Wiese-backed retail group.
South Africa’s newest billionaire Zak Calisto leads Karooooo to $72 million in Q1 revenue
Zak Calisto leads Karooooo to $72 million in Q1 revenue, driven by Cartrack’s SaaS growth and Southeast Asia expansion.
French billionaire’s firm wins final approval in DStv owner MultiChoice takeover
Canal+, owned by French billionaire Vincent Bollore, has won final approval to fully acquire MultiChoice in a $2.9 billion media takeover.