South African billionaire Koos Bekker cashes out $500 million to build luxury hotels
Koos Bekker's family trust has sold Naspers and Prosus shares worth about $500 million in three rounds since 2023, earmarking the money for his hotels.
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Koos Bekker's family trust has sold Naspers and Prosus shares worth about $500 million in three rounds since 2023, earmarking the money for his hotels.
The ANC Youth League has renewed its attack on Capitec founder Michiel le Roux, whose companies have given the Democratic Alliance at least R208 million.
PSG Financial Services, part of the empire built by billionaire Jannie Mouton, grew assets under management 15% to R594.1 billion as earnings rose 5%.
Piet Mouton, son of PSG founder Jannie Mouton, funded M-Net thriller Invisible after a backer failed to pay mid-shoot, and lent his house too.
Swiss luxury group Richemont is discussing joining a consortium seeking to acquire De Beers, a move that could give Johann Rupert's company greater control over its diamond supply chain.
CAF, led by mining billionaire Patrice Motsepe, is lifting grants to its 54 national associations to $700,000 as the race to succeed him takes shape.
Days after losing most of its board, the bitcoin company backed by Rob Hersov disclosed a new regulator probe into suspected share manipulation.
Tongaat Hulett will be delisted from the JSE on Nov. 3 with nothing for shareholders, as billionaire Robert Gumede's Vision group moves to buy it.
South African billionaire Patrice Motsepe has confirmed he will step down as president of the Confederation of African Football when his term ends.
FirstRand co-founders GT Ferreira and Laurie Dippenaar’s family offices joined a consortium that bought LekkeSlaap, a South African rival to Airbnb.
Jonathan Oppenheimer, executive chairman of Oppenheimer Generations, said the world may be at a climate tipping point and urged scientists to reach the public.
Wealthy South Africans gave about R6 billion in 2025, led increasingly by women, Black donors and under-40s, a figure excluding Jannie Mouton's Curro buyout.
South African billionaire Johann Rupert's Reinet has spent about $100 million buying back 3.8 million shares since August, at prices roughly 36% below asset value.
Piet Mouton's Capitec stake lost $130 million in the third quarter as shares of South Africa's biggest retail bank fell 7%.
PSG founder Jannie Mouton's Capitec stake lost $115 million in the third quarter as shares of South Africa's biggest retail bank fell 7%.
Harmony Gold is selling $500 million of convertible bonds due 2031 with a coupon of 1.5% to 2%, convertible into about 2.9% of its shares.