Africa’s first Black billionaire Patrice Motsepe to receive $45.2-million dividend from ARM
The dividend payout reflects a 25-percent decrease from the R1.08-billion ($60.3 million) dividend he received the previous year.
The dividend payout reflects a 25-percent decrease from the R1.08-billion ($60.3 million) dividend he received the previous year.
South African tycoon Giovanni Ravazzotti sees $13.8-million decline in Italtile stake amid share price slide.
Sun International, led by South African executive Anthony Leeming, reports surge in profit, driven by discontinued operations and revenue growth.
New digital platform transforms syndicated loan management with automation and real-time data access, enhancing efficiency and reducing errors.
The move is part of a broader strategy to capitalize on growth opportunities in one of the world’s fastest-growing major economies.
Profit fell from R751.88 million ($42.39 million) in 2023 to R657.36 million ($37.07 million), driven by rising costs, and subdued consumer spending.
ARM, led by Africa’s first Black billionaire Patrice Motsepe, reports its lowest profit in seven years due to rising costs and a tough operating environment.
Sanlam, partly owned by Patrice Motsepe, reports a $636-million profit for the first half of 2024, fueled by strong performance across its diverse business segments.
South African insurance tycoon Adrian Gore nears billionaire status amid Discovery’s strong performance.
The sale includes the OK Furniture and House & Home brands, as well as Shoprite's credit loan book, insurance arrangements, inventory, and certain fixed assets.
This strategic move aims to align employee interests with shareholders and comply with the Banking Institutions Act of 2023.
According to Bloomberg, Johann Rupert edges Aliko Dangote by $100 million, with a net worth of $13.4 billion vs. Dangote's $13.3 billion.
Renowned South African family’s net worth takes a hit as stake in Dis-chem declines.
Shoprite Holdings reports robust 2024 financial performance amidst economic challenges.
The company's revenue surged to $4.3 billion, primarily driven by strong sales growth in its core South African operations.
Sanlam Life, a subsidiary of Africa's leading insurer Sanlam, has announced plans to acquire a 25-percent stake in ARC Financial Services Holdings.