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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.
This payout comes despite a 25% dividend cut amid falling earnings and financial strain in a volatile commodity market.
The decline reflects growing pressure on retail stocks in South Africa, as investor sentiment shifts on the Johannesburg Stock Exchange.
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.
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.
The payout reflects the company’s commitment to rewarding shareholders while navigating economic pressures.
The solid performance came despite a tough economic climate, driven by growth in its core businesses, customer acquisition, and steady global expansion.
Jannie Mouton’s Capitec Bank stake, which was valued at $1 billion on Feb. 26, has now dropped to $979.41 million.
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.
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 acquires Just Eat Takeaway.com for $4.3 billion, expanding its European food delivery dominance and leveraging AI, investment expertise, and logistics innovation.
The move, disclosed in a regulatory filing on Friday, Feb. 21, 2025, underscores the deep relationship between the two firms.
His holdings have declined by £647.19 million ($817.53 million) in the past month as Glencore’s stock fell under market pressure.
In the first two months of 2025, his net worth has risen from $11.6 billion to $12.1 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.
The $200-million windfall is tied to Bekker’s stakes in Africa’s most valuable company, Naspers, and its Amsterdam-based subsidiary, Prosus.