South Africa’s Cobus Stofberg adds $7.97 million from Naspers stock surge
South African businessman Cobus Stofberg gains $7.97 million from Naspers surge, lifting his stake to nearly $130 million.
Southern Africa
South African tycoon Christopher Seabrooke’s Sabvest stake rebounds to nearly $100 million
Christopher Seabrooke’s Sabvest stake rebounds to $99 million as shares rally nearly 19% in weeks.
Ackerman family’s Pick n Pay opens first hypermarket at Liberty Midlands Mall
The opening forms part of Pick n Pay’s turnaround plan, which includes revamping existing outlets, closing weaker stores and introducing new formats.
Prosus, led by South African billionaire Koos Bekker, takes Rapido stake in $270 million deal
Prosus, chaired by Koos Bekker, invests $221.76 million in India’s Rapido, deepening its push into mobility after Swiggy’s exit.
South African tycoon Adrian Gore’s Discovery Bank targets nearly $180 million profit
Discovery Bank eyes 2 million clients and R3 billion ($173 million) profit by 2029 with strong loan growth and new products.
South African billionaire Michiel Le Roux gains $87 million from Capitec stake
Capitec Bank co-founder Michiel Le Roux adds $87 million to his wealth after the bank’s stock surge boosts its market value past $24 billion.
South Africa’s richest man Johann Rupert gains $100 million from Remgro stake
Johann Rupert’s Remgro stake rises $100 million as shares climb, highlighting his influence in South Africa’s investment sector.
South Africa’s second-richest man, Nicky Oppenheimer, is $1.75 billion richer so far in 2025
South African billionaire Nicky Oppenheimer grows his fortune to $13.3 billion after a $1.75 billion gain in 2025.
South African tycoon Giovanni Ravazzotti loses $67 million from Italtile stake
South African businessman Giovanni Ravazzotti’s Italtile stake drops $67 million amid weaker consumer demand and JSE pressures.
South African exec. Gary Nagle-led Glencore targets Chevron’s Singapore refinery stake
Glencore and Vitol prepare bids for Chevron’s $1 billion Singapore refinery stake as U.S. oil giant trims Asian assets.
South African mining magnate Sipho Nkosi honored with DUT doctorate for trailblazing business leadership
South African mining magnate Sipho Nkosi receives a DUT honorary doctorate, celebrating his leadership, ventures in mining and energy, and dedication to empowerment.
Zimbabwean tycoon Kudakwashe Tagwirei splashes $2 million on Mnangagwa’s birthday amid U.S. sanctions
Kudakwashe Tagwirei, a sanctioned Zimbabwean tycoon and ZANU-PF benefactor, reportedly spent US$2 million on President Mnangagwa’s birthday festivities.
South African exec. Fani Titi-led Investec expands advisory business into Switzerland
The move folds the Zurich-based team into Investec’s broader European advisory arm, expanding the firm’s footprint in a market where it has operated since 1978.
Anglo American, led by South Africa's Duncan Wanblad, to cut jobs in Australia’s Bowen Basin mines
The Isaac Regional Council, which covers the coal-rich Bowen Basin, said about 200 jobs will be affected.
South African entrepreneur André Pienaar sued over $10 billion Amazon contract
André Pienaar sued in Washington over $10 billion Pentagon cloud contract involving Amazon and lobbying claims.
Prosus, led by South African billionaire Koos Bekker, puts $139 million into Indian firm before IPO
Prosus, chaired by Koos Bekker, raised its stake in India’s Urban Company to 7.35% with a $139 million investment ahead of its IPO.