Billionaire Johann Rupert's Reinet just turned a €22 million gold ETF bet into €80 million
The Rupert family's Reinet investment vehicle has turned a €22 million gold ETF stake bought in 2015 into an €80 million position as gold prices surge.
South African billionaires
Billionaire Sandile Zungu just won South Africa's lottery and a Madagascar nickel mine in the same year
Sandile Zungu started 2026 by acquiring a Madagascar nickel mine and ended it by taking over South Africa's national lottery in a remarkable double play.
South African billionaire Magda Wierzycka warns the UK is no longer safe for global investors
South African billionaire and Sygnia CEO Magda Wierzycka has warned that the UK is losing its appeal as a destination for serious global investors.
South Africa's wealthy Rupert family is set to collect a record $277 million from Richemont's biggest ever dividend
The Rupert family stands to collect approximately $277 million from Richemont's proposed record CHF 4.30 per share dividend, the largest in the luxury group's history, pending September 2026 AGM approval.
South African billionaire Johann Rupert holds $16 billion in wealth and most of it is not in Cartier
Johann Rupert's $16.1 billion fortune spans luxury goods, South African industrial conglomerates and technology investments, with Reinet Investments reporting a net asset value of R127 billion by March 2026.
Tycoon Robert Gumede says South Africa's sugar industry must pivot to ethanol and electricity or risk becoming irrelevant
Robert Gumede told Business Day that South Africa's sugar industry is too narrowly focused on table sugar and must pivot to ethanol and electricity to survive global competition.
Billionaire Zak Calisto's Karooooo delivers record earnings in FY2026 and raises dividend 20% as Cartrack accelerates across Africa
Karooooo posted record subscription revenue and adjusted EPS in FY2026, with Cartrack South Africa accelerating to 23% ARR growth and a 20% dividend increase declared.
South African billionaire Christo Wiese unlocks $61 million from Shoprite stake while retaining voting power
Christo Wiese raised about R1 billion from his Shoprite stake through Titan Fincap without giving up the voting rights that keep him influential in the retailer.
South Africa's Mining BEE has created 46 billionaires whose identities the public does not know — Report
South Africa's mining BEE program has created at least 46 billionaires, but their names and accumulated wealth remain hidden from public view.
Residents of Jamestown, the old community hemmed in by Stellenbosch's billionaire estates, march against a mayor who didn't show up to collect their petition
Residents of Jamestown, a historic community inside South Africa's wealthiest municipality, marched on May 1 against gentrification and municipal neglect as the mayor failed to show up for their petition.
Johann Rupert's Remgro sells another R3.6 billion slice of FirstRand as the six-year exit from South Africa's biggest bank enters its final stretch
Johann Rupert's Remgro has sold another R3.6 billion stake in FirstRand, extending a six-year exit from South Africa's biggest banking group as it reshapes its portfolio toward private assets.
Datatec expects full year gross profit to rise 10% to $998 million as Westcon and Logicalis divisions deliver strong growth
Datatec expects full year gross profit to rise about 10% to $998 million after strong demand across its Westcon and Logicalis divisions in the second half.
How Lazarus Zim clawed his way from Fort Hare to the top of South Africa's mining industry
From Fort Hare student to Anglo American CEO, Lazarus Zim built one of South Africa's most consequential black-owned business empires.
Johann Rupert's Reinet is selling its UK pension firm for R65 billion and investors wonder what comes next
Johann Rupert's Reinet has cleared its last regulatory hurdle in the R65 billion sale of UK pension firm PIC, with completion set for March 27.
South African tycoon Senzo Tsabedze's Afrirent acquires bus manufacturer Busmark 2000
Afrirent founder Senzo Tsabedze is set to buy Busmark, pulling the Randfontein bus maker out of business rescue and into a wider logistics group.
Saki Macozoma’s Safika Holdings to pocket about R4.4bn in Exxaro’s manganese buyout
Ntsimbintle will distribute proceeds from Exxaro’s manganese buyout, with Macozoma-linked Safika positioned for roughly R4.4bn before taxes and final adjustments.