South African billionaire Patrice Motsepe-linked Sanlam finalizes UK divestment
The divestment is consistent with the group’s strategy to simplify its UK operations.
South African businessman
South African billionaire Stephen Saad’s Aspen could cut COVID-19 vaccine capacity
Saad controls a 12.5-percent stake in the leading drug company.
South African businessman Justin Coetzee’s GoMetro raises $1 million in seed extension round
GoMetro was founded in 2012 as South Africa’s first real-time public transportation information system.
South African mogul Jens Montanana’s Datatec acquires Northern Sky Research
Montanana’s 11.98-percent stake in Datatec is valued at $63 million.
Sibanye defends Neal Froneman, says $18.9-million salary is tied to reward
Froneman received $18.9 million in compensation in 2021.
South African billionaire Johann Rupert loses $890 million in April
In April alone, his net worth fell from $10.9 billion to $10.01 billion.
Led by South African Saltzman family, Dis-Chem Pharmacies expects earnings to surge by 24.5 percent
The Saltzman family owns a beneficial 45.2-percent share in the healthcare company.
South African mogul Zak Calisto’s Karooooo to pay shareholders $17.7 million in dividends
Calisto owns a majority 75-percent stake in the Singapore-based tech firm, which he founded in 2001.
South African mogul Neal Froneman’s Sibanye-Stillwater approves new fund to drive R&D
Froneman owns a 0.074-percent stake in the company worth more than $10 million.
Johann Rupert-linked Grindrod is looking for buyers for its banking subsidiary
Grindrod is a global freight logistics and shipping services company.
South African billionaire Patrice Motsepe loses over $320 million in less than one month
Motsepe, the South African billionaire and current President of the Confederation of African Football (CAF) founded the mining firm in 1997.
Led by South African businessman Fleetwood Grobler, Sasol dumps South African pipeline project
Under the leadership of Grobler, the South African energy and chemical group operates in 33 countries and employs 30,100 people globally.
South African executive Gerrie Fourie receives salary of $6.3 million from Capitec Bank in 2022
Fourie, the current CEO of Capitec Bank, has received millions of dollars in compensation from the bank since joining the leading financial services provider in 2014.
South African billionaire Michiel Le Roux’s Capitec Bank posts earnings of over $570 million in 2022
Capitec Bank was founded 20 years ago by Le Roux and leading businessmen Jannie Mouton and Riaan Stassen.
South African businessman Andre Du Plessis gains $16 million in 100 days from Capitec Bank
Du Plessis owns a beneficial 0.008-percent stake in the company, totaling 917,976 shares.
Absa’s first Black CEO Daniel Mminele receives $2.1 million in termination payment from Absa Group
The South African executive became CEO of Absa Group in January 2020.