South African billionaire Patrice Motsepe’s net worth rebounds to $3 billion after $300 million gain
Motsepe’s net worth surged to $3 billion for the first time since August 2024, marking a significant recovery.
South African billionaire
South African billionaire Patrice Motsepe’s ARM weighs sale of $821 million Harmony Gold stake
The company, which has been expanding into renewable energy, is weighing whether to hold or offload its 11.8 percent stake in Harmony, South Africa’s largest gold miner.
South African billionaire Patrice Motsepe to pocket $25.4 million from mining business
This payout comes despite a 25% dividend cut amid falling earnings and financial strain in a volatile commodity market.
South African billionaire Christo Wiese’s Shoprite stake drops below $1 billion—first time in months
The decline reflects growing pressure on retail stocks in South Africa, as investor sentiment shifts on the Johannesburg Stock Exchange.
Patrice Motsepe’s African Rainbow Minerals sees profit halve as mining pressures mount
The company’s headline earnings fell 49 percent to R1.52 billion ($83.43 million), down from R2.96 billion ($162.2 million) a year earlier.
South Africa’s largest gold miner, backed by Patrice Motsepe, posts $2 billion in half-year revenue
Harmony Gold posted $1.98 billion in H1 revenue, driven by surging gold prices, cost control, and a record dividend, despite a slight dip in production.
South African billionaire Christo Wiese-backed Shoprite rewards investors with $91.5 million payout
The payout reflects the company’s commitment to rewarding shareholders while navigating economic pressures.
South African billionaire Adrian Gore’s Discovery rakes in $377.9 million profit in H1 2025
The solid performance came despite a tough economic climate, driven by growth in its core businesses, customer acquisition, and steady global expansion.
South African billionaire Jannie Mouton’s Capitec stake dips below $1 billion
Jannie Mouton’s Capitec Bank stake, which was valued at $1 billion on Feb. 26, has now dropped to $979.41 million.
South Africa’s richest man Johann Rupert gains $520 million in February
With February’s gains, Rupert’s year-to-date increase now stands at $3.19 billion, making him the only African billionaire to have gained more than $3 billion so far in 2025.
South African billionaire Patrice Motsepe’s ARC, raises stake in JSE-listed Alexforbes to $264 million
Patrice Motsepe’s ARC raises its stake in JSE-listed Alexforbes to $264.34 million, reinforcing its influence in South Africa’s financial services sector.
Prosus, led by South African Billionaire Koos Bekker, acquires food delivery firm for $4.3 billion
Prosus acquires Just Eat Takeaway.com for $4.3 billion, expanding its European food delivery dominance and leveraging AI, investment expertise, and logistics innovation.
Ninety-One boosts stake in insurer linked to Africa’s first Black billionaire to over $510 million
The move, disclosed in a regulatory filing on Friday, Feb. 21, 2025, underscores the deep relationship between the two firms.
South African billionaire Ivan Glasenberg’s Glencore stake slips below $5 billion
His holdings have declined by £647.19 million ($817.53 million) in the past month as Glencore’s stock fell under market pressure.
Oppenheimer, South Africa’s second-richest man, is $550 million richer this year
In the first two months of 2025, his net worth has risen from $11.6 billion to $12.1 billion.
South Africa’s richest man loses $400 million after brief surge to $17 billion
The drop followed a wave of profit-taking by investors, which pushed down the share price of Richemont, where Rupert holds a significant stake.