South African billionaire Patrice Motsepe's GoTyme bank targets 30 million customers by 2036
GoTyme, the digital lender backed by South African billionaire Patrice Motsepe, aims to overtake Capitec as the country's biggest bank by customers by 2036.
Southern Africa
South Africa’s van der Walt brothers see WeBuyCars lose $516 million to cheap Chinese cars
WeBuyCars, the used-car dealer founded by South African tycoons Faan and Dirk van der Walt, has lost about R8.6 billion in market value this year.
US to strip South Africa of duty-free access on $1.7 billion of exports
The US will remove South Africa and Rwanda from its duty-free trade programme on Jan. 1, hitting South African citrus, wine and farm exporters.
Cape Town runs short of luxury homes as millionaires move in
Millionaires from Johannesburg and abroad are competing for a shrinking supply of luxury homes in Cape Town, with some houses selling within days of listing.
Billionaire Patrice Motsepe’s GoTyme eyes $15 billion listing as it chases Capitec
Patrice Motsepe-backed GoTyme wants 30 million South African customers by 2036, enough to overtake Capitec, and eyes a listing valued above $15 billion.
South African billionaire Christo Wiese's Invicta warns half-year earnings could fall 29%
Invicta Holdings, the industrial parts group chaired by South African billionaire Christo Wiese, expects headline earnings per share to fall by up to 29%.
South African billionaire Sandile Zungu's group loses $10.8 billion lottery licence in court
A South African court has set aside the National Lottery licence awarded to Sizekhaya Holdings, the group led by AmaZulu FC owner Sandile Zungu.
South African tycoon Stephen Saad's Aspen sells menopause drug rights for $220 million
Aspen Pharmacare, led by South African tycoon Stephen Saad, is selling the European rights to its menopause treatment Ovestin to Ennogen for €197 million.
South African billionaire Michiel le Roux gives Democratic Alliance $4.7 million in 2026
Capitec co-founder Michiel le Roux gave the Democratic Alliance R78 million in the first half of 2026, staying South Africa's biggest political donor.
Namibian oil tycoon Knowledge Katti's Sintana Energy stake falls by $3.2 million
Namibian oil tycoon Knowledge Katti's stake in Sintana Energy has lost about $3.2 million in a year after the explorer's shares fell 37%.
South Africa's wealthy donors gave R5.8 billion ($349 million) to charity in 2025
Affluent South Africans gave about R5.8 billion in cash and goods and 3.1 million volunteer hours in 2025, with women and Black donors leading.
How South African tycoon Martin Venter turned a rundown farm into the $900 million Val de Vie Estate
Former lawyer Martin Venter bought a run-down Cape wine farm for about R20 million and turned it into Val de Vie, a R15 billion estate.
South African billionaires Rupert, Oppenheimer, Le Roux line up heirs to $30 billion
The sons of South African billionaires Johann Rupert, Nicky Oppenheimer and Michiel le Roux stand to inherit fortunes worth a combined $30 billion.
South African billionaire Patrice Motsepe's mining executive faces ban bid over tax filing
Assore wants a court to bar an executive at Patrice Motsepe's African Rainbow Minerals after their jointly owned miner missed a tax deadline.
South African billionaire Ivan Saltzman's family loses $50 million as Dis-Chem shares crash
The Saltzman family's stake in Dis-Chem, the pharmacy chain Ivan and Lynette Saltzman founded, lost $50 million as shares had their worst day since 2018.
South African billionaire Patrice Motsepe keeps Africa Cup of Nations every two years
CAF president Patrice Motsepe said the Africa Cup of Nations will stay a two-year event, reversing the four-year plan he announced in December.